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Milk Markets Start Week Lower in Chicago


On the Chicago Mercantile Exchange milk futures closed lower Monday, while cash markets were mixed.  Class III milk was off a penny in July to $17.47 per cwt, down 5 in Aug to $17.61 and the rest of the second half months were down 3-5 cents and show an average at $17.67 per cwt. 2020 also lost a bit, falling 5-7 cents in Jan- March and averages at $16.81 per cwt. Class IV milk also was weaker on Monday. July was unchanged at $16.90, August fell 6 to $16.77 and the second half average came in at $17.07 per cwt.

Dry whey down $0.0125 at $0.34. One trade was made at that price. Blocks unchanged at $1.8250. Barrels unchanged at $1.72. Two trades were made at that price. Butter down $0.02 at $2.35. Four trades were made ranging from $2.3475 to $2.3650. Nonfat dry milk up $0.0050 at $1.0350. Six trades were made ranging from $1.03 to $1.0350.

The grain and feed markets continue their range-bound trade but were up slightly Monday. December Corn gained 2 ½ cents to $4.27 per bu., November soybeans gained 3 ¼ to $9.04 ¼, Dec Chicago wheat gained 4 ¼ to $5.08 ½ and August Soybean meal gained $1.10 to $304.20 per ton.


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