Milk futures, cash dairy lower
January 12, 2021 By Nicole Heslip Filed Under: Closing Futures / Livestock Briefs, Dairy Markets, Dairy Markets, Market News
Milk futures on the Chicago Mercantile Exchange saw some major sell-offs Tuesday as traders corrected oversold positions and reacted to the run-up in grains following the monthly supply and demand report.
January Class III milk down 16 cents at $16.39. February down 75 cents at $18.68. March 73 cents lower at $18.32. April down 52 cents at $17.93. May through July contracts seven to 38 cents lower.
Dry whey unchanged at $0.50. One sale was made at that price.
Blocks down $0.0050 at $1.9575.
Barrels down $0.0025 at $1.65.
Butter unchanged at $1.31.
Nonfat dry milk unchanged at $1.1850. Two sales were made at $1.18 and $1.1850.
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