On the Chicago Mercantile milk futures turned lower Thursday while cash markets provided little direction. Class III milk was lower across the futures. February fell 2 to 17.01, March fell 17 to 17.12. The balance of the first half moved 25-28 cents lower to average at 17.14/cwt. Second half of 2020 slid 15-26 lower to average at 17.67/cwt. Class IV milk also slid lower, losing 7 in Feb to 16.35, March fell 26 to 16.14, and April fell 33 to 16.33/cwt.
Dry whey down $0.0025 at $0.3925. Blocks unchanged at $1.8650. One sale was made at that price. Barrels up $0.0250 at $1.5850. Five trades were made at $1.57 and $1.5850. Butter unchanged at $1.80. Nonfat Dry milk down $0.0275 at $1.1975. Four trades were made at $1.1950 and $1.1975.
Grain and feed continue to be mixed Corn fell 3 ½ to 3.79 ½, Soybeans gained 3 ¾ cents to 8.96 ½, and Soybean meal gained 20 cents to 291.90/ton.
