On the Chicago Mercantile Exchange Milk futures and cash trade started the week with mixed activity. Class III milk started the day strong and was up early in the day but failed to hold on as sellers showed up to the party. September fell 7 cents to 16.71, October gained 2 to 19.23, and November fell 4 cents to 17.65/cwt. Class IV was mostly unchanged. September held at 12.68, October fell 1 to 13.49, and November fell 2 cents to 13.93/cwt.
The CME spot trade had Blocks up $0.05 at $2.2150. Six trades were made ranging from $2.20 to $2.2050. Barrels up $0.0050 at $1.60. Four trades were made ranging from $1.5875 to $1.60. Butter up $0.01 at $1.49. Seven trades were made ranging from $1.49 to $1.50. Nonfat dry milk unchanged at $1.04. Dry whey down $0.0075 at $0.3475.
The grain and feed markets was quieter – Soybeans touched over 10.00 in November to retreat back to $9.99 ½, December corn gained a penny to 3.69 ½, and Soybean meal fell $2.20 to 316.20/ton.
