The grain markets bounced around quite a bit to retest some of the new contract highs set on the Thursday overnight session to close the week. December corn settled 11 cents higher to $6.3675. November soybeans surged 24.50 cents to $14.3350/bushel. May soybean meal skyrocketed $14.80 to $442.50/ton. September Chicago Wheat is trading $7.6225/bushel.
Another mixed day in the cattle and lean hog market. June live cattle gained 55 cents to $116.02/cwt. August feeders added 87 cents to $144.27/cwt. June lean hogs decreased $1.62 to $112.85/cwt.
Butter was the sole product to trade higher in the CME Cash Dairy Product Trade to end the week. Butter climbed 2.25 cents to $1.77/lb. Blocks lost 1.25 cents to $1.7475/lb. Barrels declined 4.75 cents to $1.7275/lb. Grade A Nonfat Milk fell 2.25 cents to $1.3225/lb. Dry Whey decreased 2 cents to $.6275/lb.
Class III futures fell as much as 14 cents out through the end of 2021. Class IV milk futures slid 2-12 cents to end the week.
