Class III milk futures were mixed today on the Chicago Mercantile Exchange. May Class III milk futures where up 13 cents at $10.52. June down 11 at $11.05. July through September contracts two higher to 16 lower. Class IV milk futures were negative today. July milk leaked 25 cents to $11.25/cwt. August and September milk also both suffered a 25-cent loss to $11.75 and $12.25/cwt. October milk tumbled 21 cents lower to $12.70.
In the CME cash dairy product trade dry whey unchanged at $0.3850. Blocks up $0.0125 at $1.02. Barrels steady at $1.0125. Butter down $0.0525 at $1.1325. Nonfat dry milk down $0.01 at $0.8250.
Spot corn rallied 8.25 cents to $3.1750/bushel. May soybeans gained 4 cents to $8.3475. Spot soybean meal lost 80 cents to $288.30/ton. Chicago wheat fell 3.75 cents to $5.43/bushel. April Live Cattle lost $2.65 to $88.95. April Feeder Cattle rose 57 cents to $118.47/cwt. April crude oil was 2.25 higher to $13.82.
