Mixed day in the dairy markets on the Chicago Mercantile Exchange. Milk futures started the week to the higher side as traders correct oversold positions while cash markets were lower. Class III milk quietly traded in the green. August gained 7 cents to $19.43, September gained 1 to $16.24, and Oct gained 2 to $16.54 per cwt. Class IV milk was mostly unchanged. August at $13.16, September fell 8 cents to $13.08, and October held at $13.51 per
The CME spot trade saw all of our products slide lower on good volumes. Dry whey down $0.0050 at $0.3150. Two trades were made at that price. Blocks down $0.0750 at $1.63. Three trades were made at $1.6275 and $1.63. Barrels down $0.0375 at $1.48. Ten trades were made ranging from $1.48 to $1.5325. Butter down $0.0525 at $1.4775. Eleven trades were made ranging from $1.45 to $1.5225. Nonfat dry milk down $0.0125 at $0.9425. One trade was made at that price.
Grain markets saw some movement higher. December corn gained to 2 ¼ to $3.23 even, November soybeans gained 5 ¾ to $8.73 ¼, and soybean meal gained $2.20 to $282.20 per ton.
