It was a mixed bag in the CME dairy product trade. Block cheese erased 6 cents, settling at $1.9375/lb. Barrel cheese fell 3.25 cents to $1.9575/lb. Butter gained 3.50 cents to $2.9925/lb. NFDM dropped 1.50 cents to $1.6650/lb. Whey gave up 1 penny to $0.4550/lb.
Class III milk futures tumbled lower on the day. August milk slid 50 cents to $20.67/cwt. September milk lost 42 cents to $20.32/cwt. Class IV milk futures increased in both 2022 and 2023.
The grain markets also were varied. December corn tacked on 2.25 cents to $6.03/bu. November soybeans jumped 26.25 cents to $14.10/bu. December soybean meal rallied $8.30 to $426.10/ton. September Chicago Wheat moved 13.50 cents lower.
The livestock sector saw both red and green. October live cattle dropped 5 cents to $142.32/cwt. September feeder cattle pushed $1.42 higher to $181.85/cwt. October lean hogs surged $2.80 to $96.45/cwt. September crude oil added $2.28 to $97.26/barrel.
