meta Milk Futures Give Back Some of the Recent Gains in Chicago Thursday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Milk Futures Give Back Some of the Recent Gains in Chicago Thursday


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


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