meta Dairy Markets Turn Lower in Chicago Thursday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Dairy Markets Turn Lower in Chicago Thursday


On the Chicago Mercantile Exchange milk futures turned lower Wednesday pressured by declining cash cheese trade.  Class III milk was mixed at the close. April gained 2 to 17.70, May fell 16 to 19.16, and June fell 11 cents to 19.19/cwt. The balance of the year was unchanged to 16 lower. Averaging at 18.86/cwt. Class IV milk had April and May unchanged at 15.52 and 16.09/cwt and June jumped 7 cents higher to 16.53/cwt.

CME Spot trade saw dry whey down $0.02 at $0.6825.  One sale was made at that price.  Blocks down $0.0050 at $1.7950.  Four sales were made at $1.78 to $1.7950. Barrels unchanged at $1.8050.  Butter down $0.0050 at $1.7925.  Two sales were made at $1.7750 and $1.80. Nonfat dry milk up $0.01 at $1.24.  One sale was made at that price. 

Grain markets continued to rocket higher. Corn up 19 to 6.25 1/2, Soybeans up 25 ¼ to 1497 ¼, with Soybean meal only gaining $1.90 to 412.30/ton.


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