On the Chicago Mercantile Exchange milk futures continued their mostly lower trade Tuesday following negative global markets while cash markets were mixed. Class III milk slipped lower on very low volumes. March gained a penny to $16.35, but April’s fell 10 cents to $17.42, and May fell 13 cents to $18.05/cwt. Class IV was unchanged across the board – March at $14.36, April at $15.07, and May at $15.45/cwt.
It was a snoozer of a Tuesday across the commodity spectrum. Dry whey up $0.0025 at $0.5975. Blocks unchanged at $1.80. Barrels up $0.0025 at $1.5425. One sale was made at that price. Butter down $0.0050 at $1.71. Two trades were made at $1.69 and $1.71. Nonfat dry milk unchanged at $1.1725. Three trades were made at $1.17 and $1.1725.
The Feed and Grain complex saw corn gain 4 ¾ cents to 5.54 ¼, Soybeans gained 3 ¾ cents to 14.23 ¼, and Soybean meal fell $1.30 to $406.10/ton.
