On the Chicago Mercantile Exchange milk futures closed mixed Thursday as did cash trade. December falling 3 cents to $19.36, January gained 6 to $17.40 and February – June were off 2-7 cents. Our first half is averaging $17.24 per cwt. Class IV milk responded more positively, though December was unchanged at $16.72, January gained 3 to $17.00, and February gained 8 to $17.25 per cwt.
Dry whey down $0.0025 at $0.3125. Ten sales were made ranging from $0.3125 to $0.3225. Blocks down $0.05 at $1.85. Barrels up $0.01 at $1.6250. Seven trades were made ranging from $1.6250 to $1.6425. Butter up $0.01 at $2.00. Two trades were made at $2.0050 and $2.0125. Nonfat dry milk up $0.01 at $1.2525. One trade was made at that price.
Grain markets were fairly quiet after some nice gains that last week. March corn fell ½ a cent to $3.86 ½, January soybeans fell 4 cents to $9.24 ½, and January soybean meal fell $4.50 to $298.40 per ton.
