Cheese continued its ascent today in the CME cash dairy product trade. Dry whey down $0.0025 at $0.3925. Two trades made, ranging $0.3925 to $0.3950. Blocks up $0.0175 at $1.2075. Two trades made at $1.19 and $1.21. Barrels up $0.03 at $1.19. Four trades were made, with a range of $1.17 to $1.19. Butter up $0.0175 at $1.1975. Seven trades made, ranging from $1.1850 to $1.20. Nonfat dry milk down $0.0050 at $0.80.
The entire grain complex showed strength today. Spot corn rallied 7 cents to $3.11 and a half cent. December corn finished 3.75 cents higher to $3.37 and a quarter cent. May soybeans soared 18.50 cents to $8.50 and a quarter cent. May Chicago wheat leaped 10.25 cents to $5.29 and ¾ cents. November soybeans jumped 13.50 cents to $8.57 and ¾ cent. June live cattle rose $1.67 to $85.95/cwt. May feeder cattle lost $1.45 to $117.10/cwt. June crude oil launched a $4 gain to $19.06.
