Milk futures lower, cash dairy mostly higher
November 25, 2020 By Nicole Heslip Filed Under: Closing Futures / Livestock Briefs, Dairy Markets, Dairy Markets, Market News
Milk futures on the Chicago Mercantile Exchange closed lower Wednesday ahead of the Thanksgiving holiday-shortened week with cash trade was mostly higher with strong butter movement.
November Class III milk three cents lower at $23.11. December 30 cents lower at $15.33. January down 28 cents at $16.02. February 12 cents lower at $16.28. March through May contracts a penny lower to unchanged.
Dry whey unchanged at $0.43.
Blocks unchanged at $1.68.
Barrels up $0.0225 at $1.4225. Five trades were made ranging from $1.40 to $1.42.
Butter up $0.05 at $1.36. Forty-four trades were made ranging from $1.3125 to $1.36.
Nonfat dry milk up $0.0075 at $1.0950. Eleven trades were made ranging from $1.0875 to $1.0975.
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