On the Chicago Mercantile Exchange Thursday milk futures were mostly down and cash dairy prices were mixed. Class III milk prices watched November mild decline 12 cents to a $18.50 settlement while December through July settled 4 lower, to 2 cents higher. First half 2020 is offering producers $17 per cwt at the close. Class IV markets fared better, ending even to 8 cents higher out through June 2020. The first half 2020 average is offering producer $17.32 per cwt for Class IV.
Dry whey was down $.0125 at $.2925 cents per pound. Eight sales were recorded from $.2925 to $.3000. Forty-pound blocks were down $.0375 at $2.0025 per pound. Two sales were recorded at $2.0025 and $2.01. Barrels were down $.0200 at $2.00 per pound. No sales were recorded. Grade AA Butter was up $.0025 at $2.1450 per pound. Two sales were recorded at $2.14 and $2.1450. Nonfat dry milk was up $.0025 at $1.17 per pound. Eight sales were recorded at that price.
The grain market reacted in a favorable manner all day to the latest version of the United States and China trade saga as corn closed 3 cents higher at $3.94 3/4, soybeans added 3 ½, and wheat was up 12 cents in Chicago.