On the Chicago Mercantile Exchange Milk futures continued their rally Wednesday as well as cash markets. Class III milk saw its third day of gains this week. September gained 9 to $18.29, October gained 25 cents to $18.41, and November gained 22 to $17.89. 2020 markets also saw a move higher. Jan – March was up 6-12 cents and the average is at $16.43/cwt. Class IV milk followed butter gaining 7 cents in Sept to $16.27, Oct up 10 to $16.43 and November gained 16 cents to $16.52/cwt.
Holiday buying continues to spur markets higher. Dry whey up $0.01 at $0.39. One trade was made at that price. Blocks up $0.04 at $2.0925 One trade was made at that price. Barrels unchanged at $1.82. Five trades were made at that price. Butter up $0.0350 at $2.2350. Fifteen trades were made ranging from $2.21 to $2.2350. Nonfat dry milk up $0.0050 at $1.0425. Two trades were made at $1.04 and $1.0425.
Grain and feed prices were down slightly Wednesday. December corn fell 1 ½ cents to $3.60, November soybeans fell 5 ½ to $8.66 ½ and September soybean meal fell $3.30 to $289.60/ton.
