On the Chicago Mercantile Exchange markets continue to struggle through unknown economic situations, dairy took a hit on Wednesday. Class III milk fell sharply across the calendar. March fell 1 to $16.32, April fell 32 to $15.67 and May fell 41 cents to $15.06. Second half months fell as many as 49 cents with the average at $15.82 per cwt. Class IV dove even lower seeing limit moves in several months. March fell 15 to $14.89, April fell 58 to $13.52, and May fell 75 to $13.13 per cwt. Second half months moved 52-75 cents lower to average $14.30 per cwt.
Dry whey down $0.0050 at $0.32. Two trades were made, ranging from $0.32 to $0.3225. Blocks steady at $1.8725. Barrels down $0.0675 at $1.4325. Three trades made, with a range of $1.4325 to $1.48. Butter down $0.07 at $1.67. Nonfat dry milk down $0.04 at $0.9650. Seven trades were made, ranging from $0.9525 to $0.9675.
Grain was mixed – corn falling 8 ¾ cents to $3.35 ¼, soybeans gained 1 ¼ to $8.25 ½, and soybean meal moved $5.70 higher to $304 per ton.
