On the Chicago Mercantile Exchange milk futures are still in mixed territory much like the cash trade at midweek. Class III milk futures saw much less volatility than what we have been accustomed to lately. November milk gained 14 cents to $23.17. December milk lost 7 to $16.09. January through December 2021 settled 6 cents lower to 14 cents higher. Class IV milk futures also saw very little movement.
In the CME Cash Dairy Product Trade, Blocks down $0.0425 at $1.5775. Two sales were made at $1.5750 and $1.5775. Barrels down $0.0075 at $1.4150. Six trades were made ranging from $1.4025 to $1.4175. Dry whey up $0.01 at $0.45. Two trades were made at $0.4450 and $0.45. Butter up $0.0475 at $1.4575. Six trades were made ranging from $1.44 to $1.46. Nonfat dry milk up $0.0050 at $1.15.
The grain complex saw both December 20 corn and January 21 soybeans put in contract highs. December corn climbed 5.50 cents to $4.2575 cents. January soybeans increased 6 to $11.7575/bushel. December soybean meal fell 90 cents to $394.90/ton. December Chicago Wheat added 2.50 cents to $5.9775/bushel.
