Dairy Markets End The Week Mixed
Block cheese declined 34 cents off of Monday’s high of $3.00, to end the week at $2.66/lb., trading 16 times for the week. Barrels gained 2.75 cents this week, finishing at $2.43/lb. on 17 trades for the week. Butter descended 3.75 cents this week to settle at $1.69/lb. Grade A Nonfat milk closed the week 1 and half a cent lower to $1.00/lb. Dry whey gained 1.75 cents this week to 33.50 cents/lb.
Class III milk futures ended the week mixed. July added 5 cents to $24.28/cwt. August milk stumbled 21 cents to $22.48/cwt. September milk fell 7 cents to $19.96. Second half milk ranged from 5 cents higher to 21 cents lower. Fourth quarter settled at $17.42/cwt.
Class IV milk was slightly lower today. July remains at $13.82/cwt. August dropped 5 cents to $14.18. September milk lost 7 cents to $14.55/cwt.
December corn added 2.75 cents to $3.3975/bushel. November soybeans ascended 4 to $8.95/bushel. August soybean meal finished 50 cents lower to $286.50/ton. September Chicago wheat fell half a penny to $5.3475/bushel. Fats and feeders continued trading higher to end the week. October live cattle increased 27.5 cents to $106.87/cwt. October feeders gained 57 cents to $143.32. August crude oil lost 16 cents to $40.59.