Class III | Class III Prices Continue to Look Lower for the Near Future

It was a mixed bag across all commodities today.

In the CME Cash Dairy Product Trade butter rose 4 cents to $1.4950/lb. Blocks fell 2.75 cents to $1.53/lb. Barrels slid 5 cents to $1.44 on 11 trades. Grade A Nonfat Milk lost half a penny to $1.11/lb. Dry Whey inched ¾ of a penny higher to $.55/lb.

Nearby Class III months sold off while the back half of the year held strong. February lost 1 to $15.63. March tumbled 18 cents to $16.52. April took a 17-cent splash lower to $17.08/cwt. Little to no volume was seen in class IV milk.

Corn managed to strike a gain of ¾ of a penny to $5.53/bushel in March. March soybeans fell 1 to $13.8375. March soybean meal added $3.30 to $431.70/ton. March Chicago Wheat took a nosedive of 13.50 cents to $6.44/bushel.

Cattle and hogs settled lower on the day. February live cattle declined 85 cents to $115.30/cwt. March feeders decreased $2.35 to $138.42/cwt. April lean hogs suffered a loss of $1.27 to $84.90/cwt. March crude oil soared $1.22 to $61.27/bushel.

Look also

French farmers block access to Bordeaux port

Farmers up pressure on French government.

You may be interested in

Milk production slightly higher than year ago for third consecutive month

French farmers block access to Bordeaux port

Dairy freeze: What do cow farmers do in the winter?

Topics |
Class III, Prices

Legal notice about Intellectual Property in digital contents. All information contained in these pages that is NOT owned by eDairy News and is NOT considered “public domain” by legal regulations, are registered trademarks of their respective owners and recognized by our company as such. The publication on the eDairy News website is made for the purpose of gathering information, respecting the rules contained in the Berne Convention for the Protection of Literary and Artistic Works; in Law 11.723 and other applicable rules. Any claim arising from the information contained in the eDairy News website shall be subject to the jurisdiction of the Ordinary Courts of the First Judicial District of the Province of Córdoba, Argentina, with seat in the City of Córdoba, excluding any other jurisdiction, including the Federal.