meta Milk Markets Rally in Chicago With Shot in Arm from Cash Trade Wednesday in Chicago :: The Bullvine - The Dairy Information You Want To Know When You Need It

Milk Markets Rally in Chicago With Shot in Arm from Cash Trade Wednesday in Chicago


On the Chicago Mercantile Exchange milk futures found strength at midweek after cash trade got a shot in the arm.  Class III milk followed the product trade today and bounced back higher. June gained 20 cents to $16.12/ cwt and July gained 17 to $16.48. The second half months gained 2-17 cents to finish with an average at $16.394/cwt. First quarter of 2020 saw a dip in prices however. January was unchanged at $16.36 and Feb and March lost 2-3 cents. Class IV milk was also stronger. June was unchanged at $16.80/cwt, and July gained 12 cents to $17.07.

Dry whey up $0.0050 at $0.3575. Blocks up $0.0050 at $1.7250. Two trades were made at $1.7225 and $1.7250. Barrels up $0.0150 at $1.50. Eighteen trades were made ranging from $1.4850 to $1.5025. Butter up $0.0375 at $2.3875. One trade was made at $2.39. Nonfat dry milk up $0.0025 at $1.0550. One trade was made at that price.


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