On the Chicago Mercantile milk futures slid again Thursday as coronavirus impacts weigh on cash markets and global trade. Class III milk saw February fall 2 to $16.99, March fello 15 to 16.32, and April fell 16 to 16.02/cwt. Class IV gained 4 in February but the balance of months were lower. March off 9 to 15.35, April fell 10 to 15.12, and May fell 20 cents to 15.20/cwt.
Dry whey down $0.0150 at $0.3375. Three sales were made at $0.34. Blocks down $0.0375 at $1.7225. Three trades were made ranging from $1.7225 to $1.7450. Barrels unchanged at $1.59. Three trades were made at $1.5875 and $1.59. Butter down $0.0250 at $1.6950. Twenty-one sales were made ranging from $1.6750 to $1.70. Nonfat dry milk down $0.02 at $1.08. Two trades were made at $1.08 and $1.0925.
Soybeans turned higher midday to finish the day at 8.86 ¼, 5 ¼ cents higher, Soybean meal followed gaining $5.60 to 296.90/ton, however corn couldn’t find support, falling 6 cents to 3.64 ½.
