On the Chicago Mercantile Exchange milk futures were mostly higher Tuesday supported by cash markets. Class III futures prices pushed higher in Q4 while 2021 was mixed. October milk finished 38 cents higher to $19.23/cwt. November milk climbed 18 cents to $18.57/cwt. December gained 3 to $17.45/cwt. Class IV futures increased today with January and February surging 20-26 cents.
On the spot market dry whey unchanged at $0.3850. Blocks up $0.0025 at $2.5650. Two trades were made at that price. Barrels up $0.0550 at $1.73. Five sales were made ranging from $1.6750 to $1.72. Butter up $0.0075 at $1.51. Five trades were made ranging from $1.51 to $1.54. Nonfat dry milk up $0.02 at $1.13. Four sales were made at $1.1250 and $1.13.
The grain complex ended lower. December corn lost 2 cents to $3.6475/bushel. November soybeans declined 3.25 cents to $9.93/bushel. December Chicago Wheat fell ¾ of a cent to $5.4950/bushel. Fats and feeders traded higher today. October live cattle increased 95 cents to $108.90/cwt. October feeders surged $2.00 to $142.95/cwt. November crude oil tumbled $1.60 to $39.00/barrel.
