meta Chinese Trade Deal Pushes Dairy Markets Higher in Chicago Thursday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Chinese Trade Deal Pushes Dairy Markets Higher in Chicago Thursday


On the Chicago Mercantile Exchange milk futures closed higher Wednesday supported by optimism brought with the signing of the China trade deal.  Class III milk responded with gains across the board. January gained 5 to 16.99, February gained 23 to 17.08, and March gained 16 to 17.42. Our first half average is at $17.31/cwt Class IV Milk was unchanged nearby – January at 16.78, February at 17.04, and March at 17.37/cwt. 

The CME spot product market saw green for every product except Butter. Dry whey up $0.0050 at $0.3650.  Five sales were made ranging from $0.36 to $0.3650.  Blocks up $0.0175 at $1.8875.  Barrels up $0.0175 at $1.4850.  Fifteen trades were made ranging from $1.4675 to %1.4950.  Butter down $0.0325 at $1.9075.  Nonfat dry milk up $0.01 at $1.2825.  Nine trades were made ranging from $1.275 to $1.2825.

Grain and Feed markets moved lower, March corn fell 1 ½ to 3.87 ½, March Soybeans fell 13 ½ cents to 9.28 ¾, and March Soybean meal fell $1.90 to trade just 10 cents over $300/ton. 


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