On the Chicago Mercantile Exchange milk futures were mixed Thursday which cash markets were mostly higher. Small volume trade was present in both Class III and IV markets on Thursday. 2021 Class III months ranged in daily change of 11 cents lower to a penny higher. 2022 months fell single digits as well. First half 2022 closed at $17.36/cwt. Class IV months ended even to a couple cents in the green. Class IV first half 2022 settled out at $17.10/cwt.
CME spot product markets were mainly stronger on Thursday. Blocks up $0.01 at $1.72. Barrels up $0.0150 at $1.3950. Three trades were made at $1.3950 and $1.4025. Butter up $0.03 at $1.7950. One trade was made at that price. Nonfat dry milk down $0.0075 at $1.3250. Seven trades were made at $1.3225 and $1.3250. Dry whey unchanged at $0.4850.
The grain complex found a bit of support as corn traded 2.75 cents higher, soybeans added 5.5 cents, and the wheat complex ranged from 2 cents lower to 6 cents in the green. The soybean meal contracts faltered $1-$5/ton.
