Economic - Markets

Milk Prices Back in the $20s

Tuesday’s CME spot dairy product auction was a mixed bag. Block cheese gained 3.50 cents to $1.82/lb. Barrel cheese rallied 8.50 cents to $1.88/lb. Butter fell 1.50 cents to $2.96/lb. NFDM dropped 2.25 cents to $1.46/lb. Whey gained 1 penny to $0.4450/lb.

Class III milk futures climbed higher on the day. August milk gained 14 cents to $20.09/cwt. September milk surged 54 cents to $19.94/cwt. October milk increased 37 cents to $20.42/cwt. Class IV milk futures were varied.

Grain futures were mostly higher on the day. December corn increased 6.75 cents to $6.14/bu. November soybeans added 28.75 cents to $14.2875/bu. December soybean meal rallied to $11.10 to $410.20/ton. September Chicago Wheat ascended 1.75 cents to $7.8150/bu.

The livestock sector printed both red and green. October live cattle dropped $1.05 to $143.17/cwt. September feeder cattle slid $3.15 to $182.50/cwt. October lean hogs slipped 70 cents to $99.60/cwt. September crude oil lost 2 cents to $90.74/barrel.

Source: Collect

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Economic - Markets

Milk Prices Back in the $20s

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