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Butter drove the dairy markets higher Thursday with the CME spot trade gaining 11 cents to finish at $2.68 3/4.
February Class III futures dropped to $15.68 per hundredweight, losing 21 cents.
Spot product markets were mainly unchanged to start the week on Monday.
Class III and Class IV milk markets gave up some ground today. But how much?
As much of the U.S. digs out of snow and bitter cold weather, the milk markets were mixed and continue sideways.
Dairy markets continued their descent on Monday following another day of weak cheese performance on the CME spot dairy auction.
CME product markets on Monday tilted to the negative side to kick off the week.
Dairy markets on Monday put forth a relatively uneventful trade.
Ahead of Monday afternoon’s USDA Milk Production report, Class III milk futures struggled once again.
Class III milk futures took it on the chin Thursday and gave up early in the week gains.
November Class III tumbled 20 cents downward to $17.63.
Dairy markets explode higher Wednesday as we had nearly every product see green on the CME spot trade.
Milk markets were mostly unchanged on Monday heading into the holiday season.
Class III milk was mixed with October down 9 cents to $16.84, and November up 11 to $17.41, and December down a penny to $17.59/cwt.
Wednesday markets may lull us to sleep. After a strong couples in butter, we have treaded water the last few sessions at current level.