meta Pricing Pressure Pushes Markets Lower in Chicago Tuesday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Pricing Pressure Pushes Markets Lower in Chicago Tuesday


On the Chicago Mercantile Exchange product and milk pricing across the board felt pressure on Tuesday. Class III milk prices suffered 18-22 cent losses in the 2nd quarter to end up at $15.33 cents per cwt. Second half 2020 prices dropped 2-13 cents as well. Class IV markets took it on the chin even harder as months fell 30-55 cents per cwt April through September. 

Dry whey steady at $0.33. Blocks down $0.0250 at $1.79. Barrels down $0.01 at $1.44. Butter down $0.0575 at $1.6525. Nonfat dry milk down $0.0025 at $0.9975.  Two trades were made, with a range of $0.9950 to $1.00.

Over in the grain space, corn added 1 ½ cents, beans dropped 5, and the wheat complex was up 18 cents in Chicago, Kansas City 10 higher, and Minneapolis was 2 stronger. The cattle space lost a buck in the deferred months on fats, feeders and hogs. 


Send this to a friend