meta Dairy Markets Mixed in Chicago Tuesday | The Bullvine
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Dairy Markets Mixed in Chicago Tuesday

Wednesday, August 22nd, 2018

At the Chicago Mercantile Exchange class III milk futures closed mixed Tuesday, somewhat supported by declining global prices. Class III milk markets lost a penny in August while September through December was 1-4 cents higher. First half 2019 markets fell 1-3 cents per cwt. Class IV milk ranged from 2 cents lower to 5 cents higher.

CME spot product markets on Tuesday had mixed results. Cheddar barrels were much softer as 12 loads moved hands and the market set back 7 and ¼ cents to $1.57 cents per lb. Blocks added ¾ cents settling out at $1.61 and ¾ cents following three trades, three uncovered bids and three offers.   Butter lost the most as it declined 8.5% to 1.94 and ¼ cents per lb. Cheddar fell 4.9% to $1.58. Skim milk powder was down 1.3% to 88 and ½ cents per lb. while whole milk powder softened 2.1% to $1.30 and ¾ cents. 

(T4, D1)

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