Milk Prices Finally Gain Some Ground

August Class III added 58 cents to $15.40/cwt.
August Class III added 58 cents to $15.40/cwt.
(Stock Photo)

All markets seemed to retrace their steps from yesterday's pullback. On the CME Spot trade, barrels went up a tick while blocks gained a whopping 5.5 cents bringing the cheddar prices to $1.40 and $1.53, respectively. Whey joined the party as well, adding nearly 2 cents to $0.2475. August Class III added 58 cents to $15.40/cwt. Butter nudged over the 2.50-mark top $2.53 and Nonfat was brought upward the same amount to $1.1150. August Class IV came up 16 cents to $18/cwt.

December corn came up 16 cents to about $5.00. November Soybeans took up 42 cents as December Meal added almost $10 settling to $399.90. July Wheat also tacked on 6 cents $6.2750.  Feeder and Live Cattle were red due to corn's rally while Lean Hogs was up about a $1 throughout the forward curve. Crude Oil has been making run, nearing $77, the highest mark in the past couple of months. Fuel has been following close settling to $2.61. The US Dollar has weakened, helping to strengthen export interest in oil. 

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