Tuesday’s spot dairy product session was higher. Block cheese was up 4.25 cents to $1.9975/lb. Barrel cheese pushed 5.25 cents higher to $1.99/lb. Butter increased 2.75 cents to $2.9575/lb. NFDM added 1 penny to $1.68/lb. Whey gained 1.75 cents to $0.4650/lb.
Class III milk futures surged on the day. August milk launched a 50-cent gain, settling at $21.20/cwt. September milk moved 23 cents higher to $20.78/cwt. Class IV milk futures were also higher on the day.
The grain markets saw sizeable gains Tuesday. December corn jumped 17 cents to $6.0075/bu. November soybeans pushed 37.75 cents to $13.8375/bu. December soybean meal rallied $18.70 to $417.80/ton.
The livestock sector was lower across the board. October live cattle decreased 97 cents to $142.37/cwt. September feeder cattle lost 2.25 cents to $180.42/cwt. October lean hogs fell 47 cents to $93.65/cwt. September crude oil erased $1.68 to $95.02/barrel.
With Ever.Ag this is Kyle Tranel on Know Your Markets.
