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Milk Markets Start Week Higher In Chicago


On the Chicago Mercantile Exchange milk futures closed mostly higher Monday as optimism from additional COVID relief and food box program buying carries markets.  Class III Milk fell 3 in September to 16.26, but October gained 6 to 19.65, November gained 28 to 18.98. 2021 was unchanged to 3 higher.  Class IV milk saw some nice movement and finished higher across the board. September gained 3 to 12.75, October gained 27 to 14.20, and Nov gained 31 cents to 14.67. 2021 was 1-15 cents higher. 

On the product trade Dry whey up $0.0075 at $0.3625.  One trade was made at $0.3575.  Blocks up $0.02 at $2.6475.  Barrels unchanged at $1.6350.  Butter up $0.0150 at $1.6125.  Nonfat dry milk up $0.01 at $1.08.  Three trades were made at $1.0750 to $1.08.

The grain and feed complex was lower. Corn fell 8 ¾ cents to 3.69 ¾, Soybeans fell 21 cents to 10.22 ½, Chicago wheat fell 20 ¼ to 5.54 ¾, and Soybean meal gave back $4 to $333.40/ton.


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