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Coronavirus Continues to Infect Markets in Chicago Tuesday


On the Chicago Mercantile Exchange Cash Dairy Product trade were negative once again today.  Class III milk futures were pressured on the heels of a lower cheese product trade.  April milk was down 20 cents at $14.75.  May declined 31 cents to $12.82.  June milk slid 9 cents to $13.23.  Second half 2020 lost 7-31 cents and is now averaging $14.61/cwt. Class IV milk futures tumbled downwards.  April milk suffered a 37 cent loss to $11.52.  May milk drifted 20 cents to $11.33/cwt.  July milk was 7 cents lower to $12.02.  Second half lost 7-48 cents and is now averaging $12.50.

Dry whey steady at $0.33 Blocks down $0.1075 at $1.33. Barrels down $0.0950 at $1.2050.  Seven trades were made, ranging from $1.21 to $1.2575. Butter down $0.0625 at $1.3350.  Five trades made, with a range of $1.3350 to $1.3625. Nonfat dry milk down $0.01 at $0.8850.

Spot corn inched ½ cent lower to $3.4075/bushel.  Nearby soybeans finished 3.75 cents higher to $8.86.  May soybean meal was $4 lower to $321.50/ton.  May Chicago Wheat rallied 5.5 cents to $5.77/bushel.  Kansas Wheat rose 6.25 cents to $4.93.  Fats and feeders closed higher on the day.  June live cattle were up $3 to $92.075/cwt.  May feeder cattle finished $2 stronger to $122.90.


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