August The Only Month To Show Gains In Class III
It was quiet day in the CME Cash Dairy Product Trade. Blocks and Barrels found support, at least temporarily, remaining unchanged at $1.8150 and $1.6425/lb. Butter added 1.75 cents to $1.5575/lb on 9 trades. Grade A Nonfat Milk lost 1.75 cents to $.9550/lb. Whey remains at $.32/lb.
August was the only month able to post a gain in Class III. August milk climbed 29 cents to $19.84/cwt. September milk fell 9 cents to $16.91. October declined 20 cents to $17.14. November milk tumbled 31 cents to $16.91. First half 2021 is averaging $16.33/cwt.
Class IV milk saw mild gains. August ascended 9 cents to $13.16/cwt. September settled at $13.02. October milk increased 13 to $13.63. First half 2021 average settled at $14.96/cwt.
The grain complex was mixed. December corn inched ½ of a penny higher to $3.2375/bushel. November beans fell ¾ of a penny to $8.78. August soybean meal declined $1.60 to $280.70/ton. September Chicago Wheat decreased 9.50 cents to $5.0125. October Live Cattle lost 47 cents to $106.97/cwt. September feeders dropped 60 cents to $145.87. September crude oil fell 18 to $42.01/barrel.