On the Chicago Mercantile Exchange milk futures continued to slide and cash dairy was mixed Wednesday. Class III futures were weaker on the day. August to December was down 3-19 cents with 2022 milk down roughly the same amount. August class III milk is printing $16.06/cwt. Class IV saw 0 trades take place.
It was a mixed day in the CME Cash Dairy Product Trade. Dry whey was up $.0075 at $0.5275. No sales were recorded. Blocks fell $0.02 to $1.76. Barrels went up $.0225 to $1.5125. Two trades were made at that price. Butter closed down $.0050 at $1.6850. There were 11 trades ranging from $1.6650 to $1.6850. Nonfat dry milk was down $.0075 at $1.2525. Two sales were recorded at $1.2550.
Another mild day in the grain market with neither the bulls nor bears taking control. December corn was up 1.50 cents to $5.65/bushel. November soybeans decreased 8.25 cents to $13.5325/bushel. September soybean meal fell $2.50 to $357.60/ton. September Chicago Wheat gained 2.75 cents to $7.3725/bushel.
