Spot cheese rallied on Thursday in the CME spot dairy auction after an open and closed session yesterday. Block cheese added half a penny to $2.16. Barrel cheese gained 1.25 cents to $1.8675. Whey was up a half of a penny to $0.4050. Butter closed unchanged at $2.38. Nonfat milk fell a quarter of a penny to $1.3350.
Class III milk futures were higher on light volume. January milk increased 17 cents to $19.78. February milk leapt 18 cents to $18.75. March through December milk ranges from $18.45 to $20.20. Class IV was unchanged with no volume trading.
The grain markets were a mixed bag. March corn dropped 3.25 cents to $6.7950. March soybeans added 2 cents to $15.1625. March soybean meal decreased $2.80 to $458.50/ton. March Chicago Wheat tumbled 11.50 cents to $7.74.
Livestock markets varied on the day. February live cattle jumped $1.05 to $158.85. January feeder cattle settled 32 cents higher to $183.80. February lean hogs declined $2.12 to $88.67. February crude oil was down 30 cents to $78.66.
