Dairy Farming Industry and Market News
September Class III milk finished trading at $18.28, October gained 15 cents to $18.28, and November gained 16 cents to $18.24.
The USDA released its September version of the Quarterly Stocks Report. Surprises were seen in both corn and soybean stocks.
Class III milk had a mixed trading day, seeing both green and red as we moved through the day.
Follow through selling in both the CME spot product and Class III markets took place Wednesday after Tuesday’s limit down session.