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Milk Futures Continue to Slide in Chicago Wednesday


On the Chicago Mercantile Exchange, milk futures continued to slide Wednesday while cash markets were mixed.  Class III milk saw September slide 23 to 16.62, Oct fell 33 cents to 18.48, and November fell 14 to 17.25. 2021 varied from 3 higher to 7 cents lower.  Class IV milk was unchanged in Sept at 12.83, Oct fell 21 to 13.64, and November fell 2 to 14.25.  2021 was unchanged across the board in quiet trading. 

Cheddar Barrels drove the futures trade today as our other products mostly traded higher. The CME spot trade had Dry whey up $0.0050 at $0.3375.  Two trades were made at $0.3350 and $0.3375. Blocks up $0.0050 at $2.1575.  One trade was made at that price. Barrels down $0.04 at $1.6750.  Butter unchanged at $1.50.  Thirteen trades were made ranging from $1.50 to $1.51.  Nonfat dry milk up $0.0125 at $1.0425.  Three trades were made at $1.04 and $1.0425. 

Soybeans continue their drive higher in the grain complex. November gained 5 ¾ to 9.78 ¾. December corn fell 1 ½ cents to 3.60 ¼, and Soyean meal gained back $3.70 to 310.90/ton. 


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