On the Chicago Mercantile Exchange milk futures closed mostly lower Thursday following negative movement in the cash market. Class III milk gave back some of it’s recent gains Thursday on a quiet CME spot trade. December gained 2 cents to 19.37, January fell 31 cents to 18.60, and February fell 29 to 17.91/cwt. The First half 2020 Class III average is at 17.62/cwt. Class IV milk was quieter falling 6 in December to 16.74, falling 2 in January to 17.04, and falling 1 in February to 17.33/cwt.
Dry whey unchanged at $0.3675. Blocks down $0.0025 at $1.9725. Barrels down $0.01 at $2.2425. Butter down $0.02 at $1.9150. Two trades were made at $1.9150 and $1.92. Nonfat dry milk unchanged at $1.2475. Five trades were made at $1.2450 to $1.2475.
Grain and feed markets saw December corn fall 3 ¼ to 3.65 1/2, January Soybeans gained 6 ¼ to 8.84 ¼, and December Soybeanmeal gained $4.90 to $299.50/ton
