meta Milk Markets Mixed Tuesday in Chicago | The Bullvine
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Milk Markets Mixed Tuesday in Chicago

Wednesday, August 15th, 2018

At the Chicago Mercantile Exchange, Class III milk futures closed mixed Tuesday, where prices in nearby contracts held a premium over those in deferred. The September contract alone rose 11 cents while the balance of the year was largely unchanged. The average from now through December stands at $15.94, up 2 cents from Monday. Class IV markets remained unchanged.

Barrel cheddar has now taken its turn leading the cheese complex higher in the CME spot session. Barrels rose 2 and ¼ cents eclipsing their may high of $1.65 and ¼ cents to finish at $1.67, the highest price witnessed since November 2017. Block cheddar took the day off falling 1/2 cents finishing at $1.65 and ½ cents after just three loads traded hands. Butter closed up $0.02 at $2.3875.  Seven trades were made ranging from $2.37 to $2.3925. Nonfat dry milk closed down a penny at $0.82. Dry whey closed up $0.0025 at $0.4450.

(T4, D1)

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