On the Chicago Mercantile Exchange milk futures closed mostly lower Wednesday and cash trades were mostly higher. Class III Milk fell 3 in Sept to 16.30, but gained 22 in October back to 18.89, and November gained 24 cents to 17.60. 2021 was 1-14 cents higher. Class IV milk also jumped – September gained 1 to 12..65, Oct gained 16 to 13.67 and November gained 15 to 14.23/cwt. 2021 moved even to 11 cents higher
The CME spot Trade had dry whey down $0.0075 at $0.34. Two sales were made at that price. Blocks up $0.1125 at $2.3275. One trade was made at that price. Barrels up $0.01 at $1.61. Two trades were made at $1.60 and $1.61. Butter up $0.0050 at $1.51. Nonfat dry milk up $0.0075 at $1.0675 One trade was made at that price.
Grain markets jumped higher – Soybeans continue to lead the march – gaining 19 ¾ cents to $10.11 ¼, Corn gained 5 ¾ cents to 3.71 ¾, and soybean meal gained $6.50 to 320.80/ton.
