On the Chicago Mercantile Exchange, milk futures turned mostly lower Thursday with cash trade providing very little market direction. August was the only month able to post a gain in Class III. August milk climbed 29 cents to $19.84/cwt. September milk fell 9 cents to $16.91. October declined 20 cents to $17.14. November milk tumbled 31 cents to $16.91. First half 2021 is averaging $16.33/cwt.
It was a quiet day in the CME Cash Dairy Product Trade. Dry whey unchanged at $0.32. Blocks unchanged at $1.8150. Barrels unchanged at $1.6425. Butter up $0.0175 at $1.5575. Nine trades were made ranging from $1.54 to $1.57. Nonfat dry milk down $0.0175 at $0.9550. Five trades were made ranging from $0.95 to $0. 9550.
The grain complex was mixed. December corn inched ½ of a penny higher to $3.2375/bushel. November beans fell ¾ of a penny to $8.78. August soybean meal declined $1.60 to $280.70/ton. September Chicago Wheat decreased 9.50 cents to $5.0125. October Live Cattle lost 47 cents to $106.97/cwt. September feeders dropped 60 cents to $145.87. September crude oil fell 18 to $42.01/barrel.