On the Chicago Mercantile Exchange it was mostly a negative day in Class III milk as we saw March up 4 cents to $16.38 per cwt. April was down 5 cents to $16.03 per cwt. Second half 2020 lost 2-12 cents and is now averaging $17.00 per cwt. March Class IV milk was the only month in green for Class IV today, rising 5 cents to $15.63 per lb. April Class IV milk declined 10 cents to $15.55 per cwt and May lost 4 cents to $15.84 per cwt. Second half 2020 Class IV milk is averaging $16.76 per cwt.
In the CME dairy product trade today, Dry whey unchanged at $0.3350. Blocks down $0.0025 at $1.76. Barrels down $0.02 at $1.5175. Butter up $0.0050 at $1.8650. Nonfat dry milk down $0.0050 at $1.1350. Five trades made, ranging from $1.13 to $1.14.
Corn continued its rebound higher today with May corn moving 3.75 cents higher to $3.85 per bushel. May soybeans also finished 3.75 cents higher to $9.0725 per bushel. May soybean meal finished $1.20 per ton lower to $308.90 per ton.
