Milk futures higher, cash dairy mixed
August 28, 2020 By Nicole Heslip Filed Under: Closing Futures / Livestock Briefs, Dairy Markets, Dairy Markets, Market News
Milk futures on the Chicago Mercantile Exchange ended the week mostly higher as traders corrected oversold positions while cash trade was mostly lower.
August Class III milk unchanged at $19.76. September 22 cents higher at $15.69. October 29 cents higher at $17.64. November up 11 cents at $17.34. December through February contracts unchanged to eight cents higher.
Dry whey up $0.0050 at $0.34. Two sales were made at $0.3350 and $0.34.
Blocks down $0.0375 at $1.8275. Three trades were made ranging from $1.82 to $1.8250.
Barrels down $0.01 at $1.43. Six trades were made ranging from $1.4275 to $1.4325.
Butter down $0.02 at $1.4475. Five trades were made ranging from $1.4475 to $1.47.
Nonfat dry milk up $0.0050 at $1.02. Six sales were made at $1.0175 and $1.02.
The USDA says the dairy index for July 2020 was 102, up 13% from June and 9.7% higher than in July 2019.
The all milk price was reported at $20.50 per hundredweight, an increase of $2.40 on the month and $1.80 on the year.
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