meta Markets Dip Down Thursday in Chicago on Lower Product Trade | The Bullvine

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Markets Dip Down Thursday in Chicago on Lower Product Trade

Friday, February 19th, 2021

On the Chicago Mercantile Exchange milk futures closed lower Thursday again following the direction of the cash cheese market. A softer CME spot dairy auction led to a step back in milk price on Thursday. February Class III milk a penny lower at $15.62. March down 24 cents at $16.28. April down 14 cents at $16.98. May 12 cents lower at $17.35. June through August contracts a dime lower to unchanged.

Spot trade saw blocks down $0.02 at $1.51. One sale was made at that price. Barrels down $0.0150 at $1.4250. Two trades were made at $1.4225 and $1.4250. Butter unchanged at $1.4950. Dry whey unchanged at $0.55.

(T2, D1)