On the Chicago Mercantile Exchange milk futures were mixed again Thursday as was cash trade. Class IV milk was much softer following butter. September fell 6 cents to $16.30, October fell 17 cents to $16.37, and November fell 16 cents to $16.46 per cwt. Fourth quarter 2019 Class IV milk averages at $16.45 per cwt.
Dry whey up $0.0050 at $0.3950. One trade was made at that price. Blocks up $0.0325 at $1.9875. Barrels unchanged at $1.7325. Butter down $0.03 at $2.28. Thirteen trades were made ranging from $2.1750 and $2.19. Nonfat dry milk up $0.0025 at $1.0475. Twelve trades were made ranging from $1.0450 to $1.05.
Grain and feed markets were mixed. December corn gained a quarter of a cent to $3.58 ¾, November soybeans fell 14 cents to $8.61 ½, and September soybean meal followed finishing $3.50 lower to $288.70 per ton.
