Economic - Markets

Fall Milk Prices Gain Some Ground

A strong finish for Class III milk even though Cheese was sideways. September milk moved back to briefly trade a $19 handle before settling the day at $18.94, 18 cents higher than yesterday. October led the move higher, gaining 45 cents to $18.65/cwt. November gained 14 cents to $18.33/cwt. Class IV milk was softer with September sliding 3 cents to $18.90, October down 9 to $18.89, and November down 7 cents to $18.93/cwt.

The CME spot dairy trade was mixed with Powder leading the move higher, Dry Whey up 2 cents to $0.28/lb, and Grade A Non Fat Dry Milk up a penny to $1.10 1/2/lb. Cheedar Cheese was unchanged with Blocks at $1.94 1/2, and Barrels at $1.80/lb. Butter was our lone market to slip lower, falling 3 ½ cents to $2.67/lb.

Soybeans led the grain markets in mixed finish to the week. Soybeans gained 16 cents to $13.87 ¾ with soybean meal $2.70 higher in December to $415/ton and Corn shaving off a quarter of a cent to $4.88/bu.

With Ever.Ag this is Jenny Wackershauser on KNow your Markets

Source: Collect

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Economic - Markets

Fall Milk Prices Gain Some Ground

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