At the Chicago Mercantile Exchange class III milk futures closed mixed in a narrow range despite an active cash session. Class III markets were down 1 cent in November at $14.56 and 2 cents in December at $14.88. 2019 Class III markets ran between losing 1 cent to gaining 2 cents across the board. January a penny lower at $15.10. February up a penny at $15.18. March through next October contracts closed one to three cents higher. Class IV markets were mixed as well. November fell 7 cents to $15.02 while December rose 13 cents to $15.05 in 2018. 2019 Class IV markets realized gains from 4 to 14 cents across the board.
The CME spot market trade on Thursday was in the green as all five products traded. Barrels were unchanged at $1.36. Six trades were made at that price. Blocks closed $0.0250 higher at $1.4250. Ten trades were made ranging from $1.3975 to $1.4250. Butter was up $0.0350 at $2.2750. Seven trades were made ranging from $2.26 to $2.28. Nonfat dry milk was up $0.01 at $0.88. Ten trades were made ranging from $0.87 to $0.88. Dry whey closed up $0.0050 at $0.4350. Fourteen trades were ranging from $0.4350 to $0.4475.
