Class IV milk struggled as Butter slid lower on Wednesday. After some nice quiet days in the CME trade, butter fell 3 ¾ cents to $2.42/lb, giving back someone the slow gains it had been making. Non Fat Dry milk was unchanged at $1.22 3/4./lb.
Cheese also saw a slump, sliding a penny in Blocks to $1.88, and barrels fell 1 ¾ cent to $1.53 ./4. Dry Whey also held unchanged at $0.43 1/2/lb.
Class IV milk followed butter but held unchanged nearby. February at $18.97, and March at $18.93, but April fell 26 cents to $18.92, and May down 29 cents to $19.30/cwt.
Class III milk was pressured lower, but had minimum losses. February held unchanged at $17.93, March fell 8 cents to $17.66, and April fell 9 to $17.85/cwt. The balance of 2023 was unchanged to 11 cents lower.
Grain and feed markets took a needed breather. Corn fell 6 cents to $6.76 ¼, Soybeans fell 11 ¾ to $15.25 ¾ with soybean meal down $9.90 to $491.10/ton.
With Ever.Ag this is Jenny Wackershauser on Know your Markets.
