meta Unknown Economic Situations Hit Dairy Markets in Chicago Wednesday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Unknown Economic Situations Hit Dairy Markets in Chicago Wednesday


On the Chicago Mercantile Exchange markets continue to struggle through unknown economic situations, dairy took a hit on Wednesday.  Class III milk fell sharply across the calendar. March fell 1 to $16.32, April fell 32 to $15.67 and May fell 41 cents to $15.06. Second half months fell as many as 49 cents with the average at $15.82 per cwt. Class IV dove even lower seeing limit moves in several months. March fell 15 to $14.89, April fell 58 to $13.52, and May fell 75 to $13.13 per cwt. Second half months moved 52-75 cents lower to average $14.30 per cwt. 

Dry whey down $0.0050 at $0.32.  Two trades were made, ranging from $0.32 to $0.3225. Blocks steady at $1.8725.  Barrels down $0.0675 at $1.4325.  Three trades made, with a range of $1.4325 to $1.48. Butter down $0.07 at $1.67.  Nonfat dry milk down $0.04 at $0.9650.  Seven trades were made, ranging from $0.9525 to $0.9675.

Grain was mixed – corn falling 8 ¾ cents to $3.35 ¼, soybeans gained 1 ¼ to $8.25 ½, and soybean meal moved $5.70 higher to $304 per ton.


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