Product Markets Up Across The Board on Thursday
Markets saw a little movement on Thursday. 2018 and 2019 Class III markets were mixed as 2018 saw losses of 1 cent in November at $14.56 and 2 cents in December at $14.88. 2019 Class III markets ran between losing 1 cent to gaining 2 cents across the board.
Class IV markets were mixed as well. November fell 7 cents to $15.02 while December rose 13 cents to $15.05 in 2018. 2019 Class IV markets realized gains from 4 to 14 cents across the board.
The CME spot market trade on Thursday was in the green as all five products traded. Butter rose 3 1/2 cents to $2.27 1/2 per pound. Blocks rose 2 1/2 cents at $1.42 1/2 per pound while barrels traded six times but were left unchanged at $1.36 per pound.
Grade A nonfat dry milk rose 1 cent at 88 cents with the most volume on the day trading 14 times. Dried whey rose 1/2 cent to 43 1/2 cents.
Grain markets were also higher on Thursday showing gains of 1/2 cent on December corn at $3.67 1/2 and 5 1/4 cents for January beans at $8.88 3/4.