Class III Moves Into The Green
The CME spot product market was higher on Thursday with four of the five products trading.
Butter traded two loads but was left unchanged at $2.23 and a half cent per lb. Blocks rose two cents at $1.39 per lb. Barrels rose a quarter of a cent t0 $1.24 and three-quarters per lb. Grade A nonfat dry milk rose two and a quarter cent to $1.02 and a half per lb. Dry whey was left unchanged on the day at $1.48 and three-quarter cents.
Class III markets were green across the board today gaining anywhere from two to 13 cents. The first and second half averages are now at $15.12 and $16.52.
Class IV markets were also in the green as they rose anywhere from one to four cents.
Grain markets saw the most action today as loses were shown in corn, beans and wheat. March corn lost 5^6 settling at $3.76^2. January beans fell 16 cents settling at $8.95^4. The wheat complex loosed six cents in Chicago, seven cents in Kansas City and six to seven cents in Minneapolis.