meta Milk Markets Continue Lower in Chicago Wednesday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Milk Markets Continue Lower in Chicago Wednesday

On the Chicago Mercantile milk futures continued lower Wednesday as did cash markets while coronavirus fears continue to dominate trade.  Class III milk continued its move lower.  February fell 2 cents to $17.01, March was down 8 cents to $16.45, and April slid 23 cents to $16.16.  First half 2020 is now averaging $16.57/ cwt.   Class IV milk also slid lower throughout most months.  February remained unchanged at $16.17.  March gained 6 to $15.44.  April fell 6 to $15.22.  

In the CME product trade, Dry whey unchanged at $0.3525.  Blocks unchanged at $1.76.  Barrels unchanged at $1.59.   Butter down $0.01 at $1.72.  Five sales were made ranging from $1.72 to $1.73. Nonfat dry milk down $0.0050 at $1.10.  Thirteen trades were made ranging from $1.0925 to $1.10. 
It was mixed to lower day today in the commodity markets.  Corn fell 2 cents to $3.70 ½ .  Soybeans shot up 10 ¾ cents after news broke that Brazil had their first confirmed case of the corona virus before finishing 2 cents higher on the day to $8.81 in March. Soybean meal was up $4.80 to $291.30/ton.  

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