Class III Milk Futures Printed Green To Finish The Week
Spot cheese ended the week on a higher note in the CME Cash Dairy Product Trade. Cheddar blocks surged 12 cents higher to $1.82 on 9 trades. Barrels remained unchanged at $1.50/lb. Butter added 3.50 cents to $1.4850/lb. Grade A Nonfat Milk lost half a penny to 96.50 cents/lb. Dry Whey gained 1.50 cents to 32.50 cents/lb.
Class III milk futures printed green to finish the week. August milk climbed 11 cents to $19.89/cwt. September improved 33 cents to $16.92/cwt. October pushed 17 cents higher to $17.34/cwt. 2021 settled unchanged to 14 cents higher.
Class IV futures were mixed. August milk fell 6 cents to $13.10/cwt. September milk gained 11 cents to $13.35. October finished 29 cents higher to $14.19. First half 2021 average is $15.11/cwt.
Corn and Soybeans could not extend their impressive gains yesterday. December corn lost ¾ of a penny to $3.38/bushel. November soybeans also dropped ¾ of a penny to $8.9875. September soybean meal decreased 30 cents to $291.80/ton. September Chicago Wheat added 3.25 cents to $5.00/bushel. August live cattle settled 55 cents higher to $107.60/cwt. August feeders fell $1.02 to $143.92/cwt. September crude oil declined 17 cents to $42.07/barrel.