On the Chicago Mercantile Exchange, milk futures closed mixed Wednesday with markets trading in a narrow range, cash markets also saw limited activity. July milk climbed 31 cents to $23.75/cwt. August was up 2 to $21.52. September milk declined 10 cents to $19.03/cwt. The quarter 3 average sits at $21.43/cwt. Quarter 4 2020 average settled at $17.15/cwt. Class IV milk futures were once again thinly traded, with only September moving 16 cents lower to $15.03/cwt. Second half average settled at $15.13/cwt.
Blocks and barrel cheese continue its move higher today. Blocks up $0.0275 at $2.7375. Five trades were made at $2.7350 and $2.7375. Barrels up $0.03 at $2.40. Dry whey unchanged at $0.2875. Butter down $0.05 at $1.6875. Three trades were made ranging from $1.6875 to $1.71. Nonfat dry milk unchanged at $1.0325.
December corn added 1.75 cents to $3.5425/bushel. November soybeans declined 5.25 cents to $8.9725. July soybean meal fell $1.70 to $291.60/ton. September Chicago Wheat had an impressive day, jumping 21.25 cents to $5.1650/bushel. Fats and feeders both trended lower today. August live cattle fell 85 cents to $99.15/cwt. August feeders dropped 87 cents to $134.05/cwt.
