On the Chicago Mercantile Exchange Thursday milk futures and cash dairy prices were down except butter. Class III milk continued to slide with December down 1 to $19.35, January fell 35 cents to $16.96, and February fell 29 to $17.03 per cwt. First half of 2020 is averaging at $17.14 per cwt. Class IV milk was mostly unchanged. December held at $16.72, January fell 12 to $16.98 and February held at $17.31 per cwt.
Dry whey was down $.0125 at $.3075 cents per pound. There were ten sales recorded from $.3050 to $.3150. Forty-pound blocks were down $.0325 at $1.80 per pound. There were three sales recorded at $1.79 and $1.80. Barrels were down $.0825 at $1.63 per pound. Four sales were recorded from $1.6325 to $1.7125. Grade AA Butter was up $.0025 at $2.03 per pound. There were no sales recorded. Nonfat dry milk was down $.0050 at $1.2375 per pound. There were no sales recorded.
Grain markets followed a very strong wheat trade with Chicago gained 8 cents to $5.49 and Kansas City up 10 to $4.70 ½. March corn was a penny higher at $3.88 ½, January soybeans gained 1 ¼ to $9.37 ¾, and January soybean meal fell $2.30 to $299.50 per ton.
