On the Chicago Mercantile Exchange Monday milk futures remained narrowly mixed while cash trade was higher. Class III futures were mixed, showing very little reaction to the higher spot trade. March milk remains at $16.18 per cwt. April milk gained 6 cents to $17.14 per cwt. May lost 6 cents to $17.46. Little change was seen throughout the rest of 2021. No volume was seen in class IV.
CME spot values stayed steady to higher across all 5 products. Blocks up $0.0275 at $1.7475. Seven sales were made ranging from $1.72 to $1.7475. Barrels up $0.0175 at $1.48. Butter up $0.0175 at $1.7925. One trade was made at that price. Nonfat dry milk up $0.0050 at $1.1750. Dry whey unchanged at $0.6275.
Corn and soybeans moved lower in head of Wednesday’s Quarterly Grain Stocks and Prospective Plantings Report. May corn lost 5.75 cents to $5.4675. May soybeans settled 7.50 cents lower to $13.93 per bushel. May soybean meal retreated $5.90 to $398.10/ton. May Chicago Wheat improved 3.50 cents to $6.1675 per bushel.
