meta Milk Markets Take Nose Dive in Chicago Tuesday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Milk Markets Take Nose Dive in Chicago Tuesday


On the Chicago Mercantile Exchange milk futures where lower Tuesday mostly unsupported by cash trade.  Class III milk markets reacted to the selloff in product trade as you would expect. 4thQuarter 2019 prices dropped 20-24 cents on Tuesday leaving that quarter’s average price at $17.85 per cwt. First half 2020 results ranged from 5 to 14 cents lower. The first half 2020 market is offering producers $16.71 per cwt. Class IV saw very little change with October 7 cents higher, January down 6, and March 8 cents weaker. Class IV first half average stands at $17.25 per cwt. 

Dry whey down $0.0125 at $0.3550.  Two trades were made at $0.3625.  Blocks down $0.0675 at $1.9925.  Three trades were made ranging from $1.9925 to $2.03. Barrels down $0.0050 at $1.6125.  Two trades were made at $1.6125 and 1.6175. Butter down $0.0125 at $2.1425.  One trade was made at $2.16. Nonfat dry milk up $0.0125 at $1.09.  Nine trades were made ranging from $1.0925 to $1.1025.

Grain prices on Tuesday watched corn add 1.5 cents per bu. to $3.7475, soybeans traded 1.75 cents higher to $8.94, Kansas City and Chicago wheat were down 1.5 cents, while Minneapolis closed 7.25 cents higher. 


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