meta Milk Futures Higher while Cash Trade Mostly Lower Tuesday in Chicago :: The Bullvine - The Dairy Information You Want To Know When You Need It

Milk Futures Higher while Cash Trade Mostly Lower Tuesday in Chicago


On the Chicago Mercantile Exchange milk futures were mostly higher while cash trade was mostly lower Tuesday. 

Class III milk futures were mixed today.  August milk lost 4 cents to $19.39/cwt.  September gained 7 cents to $16.31.  October added 15 cents to $16.69/cwt.  November milk climbed 9 cents to $16.60/cwt.  December milk increased 5 cents to $16.27/cwt.  1st half 2021 settled 5-21 cents higher at an average of $16.38/cwt. Class IV milk futures increased slightly.  August milk remains at $13.16/cwt.  September ascended 12 cents to $13.20/cwt.  October surged 17 cents higher to $13.68/cwt.  First half 2021 average is $14.98/cwt.  

Butter was the lone product to post a gain in the CME Cash Dairy Product Trade.   Butter up $0.0450 at $1.5225.  Two trades were made at $1.5225 and $1.5250. Dry whey down $0.0050 at $0.31.  Two trades were made at that price. Blocks down $0.05 at $1.58.  Three trades were made ranging from $1.58 to $1.6075.  Barrels down $0.03 at $1.4450.  Three trades were made ranging from $1.4450 to $1.48. Nonfat dry milk down $0.0025 at $0.94.  Six trades were made at $0.9375 and $0.94.

The grain complex saw modest gains today.  December corn added ½ a penny to $3.2350/bushel.  November soybeans inched a ¼ cent higher to $8.7350/bushel.  September Chicago Wheat climbed 2.75 cents to $4.95/bushel.  August Live Cattle rallied $1.05 to $104.65/cwt.  August feeders gained 92 cents to $144.40/cwt.  September Crude Oil declined 39 cents to $41.55/barrel.


Send this to a friend