On the Chicago Mercantile Exchange milk futures closed mixed Monday following mixed cash activity. Class III futures were a mixed bag. August gained 1 penny to $19.77/cwt. September added 4 cents to $15.73/cwt. October climbed 20 cents to $17.84/cwt. First half 2021 average settled at $16.34/cwt. September class IV milk increased 8 cents to $13.04/cwt. Quarter 4 2020 is averaging $14.25/cwt.
Blocks and barrels continue to see steady volume in the CME Cash Dairy Product Trade. Blocks down $0.03 at $1.7975. Nine trades were made ranging from $1.7975 to $1.8275. Barrels up $0.0075 at $1.4375. Seven trades were made ranging from $1.4325 to $1.4425. Dry whey down $0.0050 at $0.3350. One sale was made at that price. Butter up $0.04 at $1.4875. Four trades were made ranging from $1.4825 to $1.4925. Nonfat dry milk up $0.0050 at $1.0250. Two sales were made at $1.02 and $1.0250.
The grain market saw fireworks on the overnight Sunday trading session before selling off some of the gains midday. December corn traded as high as $3.6425 before settling lower to $3.5775/bushel. November soybeans were up 3 cents to $9.5350/bushel. September soybean meal finished $3 higher to $304.60/ton. September Chicago Wheat climbed 5 cents to $5.4425/bushel. Fats and feeders started the week on a higher note. October Live Cattle rose 40 cents to $105.30/cwt. October feeders ended 45 cents higher to $140.62/cwt. October crude oil fell 15 cents to $42.82/barrel.
