Despite Mixed Trade, Q3 Class III Average Still Above $20
Blocks and barrel cheese continue its move higher today. Blocks added 2.75 cents to $2.7375/lb. on 5 trades. Barrels gained 3 cents to $2.40/lb. Butter melted 5 cents to $1.6875/lb. Grade A nonfat milk and dry whey remained steady at $1.0375 and $0.2875/lb.
Class III milk futures prices were mixed today. July milk climbed 31 cents to $23.75/cwt. August was up 2 to $21.52. September milk declined 10 cents to $19.03/cwt. The quarter 3 average sits at $21.43/cwt. Quarter 4 2020 average settled at $17.15/cwt.
Class IV milk futures were once again thinly traded, with only September moving 16 cents lower to $15.03/cwt. Second half average settled at $15.13/cwt.
December corn added 1.75 cents to $3.5425/bushel. November soybeans declined 5.25 cents to $8.9725. July soybean meal fell $1.70 to $291.60/ton. September Chicago Wheat had an impressive day, jumping 21.25 cents to $5.1650/bushel. Fats and feeders both trended lower today. August live cattle fell 85 cents to $99.15/cwt. August feeders dropped 87 cents to $134.05/cwt.
August crude oil gained 29 cents to $40.99.