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Milk Markets Slip Side in Chicago Wednesday

On the Chicago Mercantile milk futures were mostly lower at midweek while cash trade was mixed.  Class III markets finished one to five cents lower while Class IV markets were down 42 cents in March and 10 cents in April and the other commodity markets. 

Dry whey up $0.01 at $0.3475.  Two trades were made at $0.34 and $0.3425.  Blocks unchanged at $1.76.  Barrels up $0.0450 at $1.4550.  Eight trades were made ranging from $1.4150 to $1.4550. Butter unchanged at $1.8175. Nonfat dry milk down $0.0125 at $1.0675.  Two trades were made at $1.0675 and $1.07. 

Corn lost three cents with December ending at $3.77 per bushel soybeans were also down three at $8.6675. Soybean meal was up a dollar per ton and the wheat complex ended nine cents lower in Chicago and in Kansas City while Minneapolis was off six. The fat and feeder cattle markets were both limit down while hogs were off another dollar.

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