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

Milk Markets Continue to Slide Downward in Chicago Wednesday


Milk moved sharply lower after the 11 a.m. CME spot trade, but saw some most months rebound a bit. The day finished with December 6 cents lower to $19.37 on the Chicago Mercantile Exchange. January fell 21 to $18.19, February fell 7 to $17.56. Our first half is averaging at $17.32 per cwt. Class IV milk didn’t see as much of a move. December was unchanged at $16.74, January fell 4 to $16.99, and February fell 9 to $17.29 per cwt.

Dry whey down $0.01 at $0.3525. Three trades made, ranging from $0.3525 to $0.3550. Blocks down $0.0375 at $1.91. Barrels down $0.0850 at $1.8625. Butter up $0.01 at $1.95. Nonfat dry milk down $0.01 at $1.2525. Two trades were made at $1.2525.

Feed and Grain expenses continue to fall. December corn fell 5 ½ to $3.57 ¾, January soybeans fell 7 ¾ cents to $8.93 ½, and December soybean meal fell $3.60 to $293.30 per ton.


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