markets
August 10, 2020

Dairy Markets Kick Off The Week Mixed

 |  By: Know Your Market

Mixed day in the dairy markets. The CME spot trade saw all of our products slide lower on good volumes. Butter fell 5 ½ cents to $1.47 ¾ with 11 loads trading hands. Cheddar blocks moved 7 ½ cents lower on 3 trades to $1.63 per lb. with barrels falling 3 ¾ cents to $1.48 per lb. with 10 loads moving from seller to buyer. 

Grade a nonfat dry milk fell 1 ¼ cents to $0.94 per lb. with 1 loads trading, and dry whey fell half a penny to $0.31 ½ per lb. on 2 trades. 

Class III milk quietly traded in the green. August gained 7 cents to $19.43, September gained 1 to $16.24, and Oct gained 2 to $16.54 per cwt. 

Class IV milk was mostly unchanged. August at $13.16, September fell 8 cents to $13.08, and October held at $13.51 per cwt. 

Grain markets saw some movement higher. December corn gained to 2 ¼ to $3.23 even, November soybeans gained 5 ¾ to $8.73 ¼, and soybean meal gained $2.20 to $282.20 per ton.