Class III Milk Prices Rally
( )

Prices were steady to lower in the CME spot dairy auction. Block cheese fell half a penny to $2.0250/lb. Barrel cheese held steady at $1.9850/lb. Butter plunged 7 cents to $2.80/lb. Nonfat milk remained at $1.3850/lb. Whey dropped 1 penny to $0.4350/lb.

Despite spot cheese moving lower, class III milk futures rallied. December milk increased 41 cents to $20.88/cwt. January milk also tacked on 41 cents to $20.14. The rest of 2023 class III milk futures rallied as well. Class IV milk futures were slightly lower.

Grain futures were a mixed bag. December corn eased 8.25 cents to $6.6750/bu. November soybeans gained 4 cents to $14.44/bushel. December soybean meal added 30 cents to $419.30/ton. December Chicago Wheat gave up 15.25 cents to $8.78/bu.

The livestock sector also varied. December live cattle was unchanged at $153.05/cwt. January feeder cattle lost 2 cents to $179.90/cwt. December lean hogs decreased $1.47 to $85.57/cwt. December crude oil declined $2.68 to $89.11/barrel.

Tags

Milk Prices
 

Latest News

Business
Seven Common Threads of Top-Producing Herds
Seven Common Threads of Top-Producing Herds

What are the common characteristics of top-producing herds that best the competition?

Maureen Hanson
Policy
APHIS To Require Electronic Animal ID for Certain Cattle and Bison
APHIS To Require Electronic Animal ID for Certain Cattle and Bison

APHIS issued its final rule on animal ID that has been in place since 2013, switching from solely visual tags to tags that are both electronically and visually readable for certain classes of cattle moving interstate.

Greg Henderson
Education
What Should You Financially Consider Before Investing in Technology?
What Should You Financially Consider Before Investing in Technology?

With financial challenges facing dairy farms, Curtis Gerrits with Compeer Financial, says it is essential for producers to evaluate how these technology investments impact their farm’s overall financial position.

Karen Bohnert
Business
Fairlife Forms New Partnership with Olympic Gold Medalist Katie Ledecky
Fairlife Forms New Partnership with Olympic Gold Medalist Katie Ledecky

The Katie Ledecky partnership with fairlife's Core Power will leverage her authentic recovery moments to help educate and inspire athletes of all levels around the importance of post-workout recovery.

Taylor Leach
Education
Simple Breathing Exercises for Farmers to Help with Anxiety and Stress
Simple Breathing Exercises for Farmers to Help with Anxiety and Stress

More and more people in the dairy community are struggling because they are overworked or overstressed, have trouble concentrating, feel fatigued, have trouble sleeping, have more headaches and so many other symptoms. 

Karen Bohnert
Education
Properly Prepared Beef Remains Safe; Meat Institute Calls For Guidance to Protect Workers at Beef Facilities
Properly Prepared Beef Remains Safe; Meat Institute Calls For Guidance to Protect Workers at Beef Facilities

The Meat Institute said properly prepared beef remains safe to eat and called for USDA and the CDC to provide worker safety guidance specific to beef processors to ensure workers are protected from infection.

North American Meat Institute
View More