meta Milk Futures Rally in Chicago Thursday While Cheese and Whey Get Destroyed :: The Bullvine - The Dairy Information You Want To Know When You Need It

Milk Futures Rally in Chicago Thursday While Cheese and Whey Get Destroyed


On the Chicago Mercantile Exchange milk futures closed higher Thursday while cash trade was mixed. Class III milk prices put together a solid performance. December added 6 cents while first half 2020 ranged from 2-11 cents higher. Class IV made modest gains as well out into the first half of the year. 

The barrel cheese market continued to get destroyed on Thursday as another 10 ¼ cents came out of the market following 7 loads moving from seller to buyer.  Dry whey down $0.01 at $0.3425. Seven sales were made ranging from $0.3425 to $0.3550. Blocks down $0.0525 at $1.8575. Butter up $0.0050 at $1.9550. Two trades were made at $1.95 and $1.9525. Nonfat dry milk up $0.0050 at $1.2575.

Over the grain markets, corn gained back the 6 cents that it lost yesterday following solid export data being released. Soybeans tagged along trading 4.5 cents stronger, and wheat jumped 11-12 cents in Chicago and Kansas City.


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