CME cheese took a tumble today, with barrels dropping to $2.1250 per pound, down 12.5 cents, with one lot traded. Blocks also fell to $2.0750 per pound, giving up 6.5 cents, with one load exchanged. NDM dipped to $1.3050 per pound, losing a penny, with five lots traded.
Fourth quarter Class III futures were mixed today, averaging $21.88 per hundredweight, nine cents lower. Q4 Class IV futures slipped to $22.64 per hundredweight, giving up 15 cents.
Grain futures continue to waver. September corn settled at $3.6525 per bushel, down two cents, while the nearby soybean contract finished at $9.5850 per bushel, losing nine cents.
Ever.Ag - The risk of loss trading commodity futures and options can be substantial. Investors should carefully consider the inherent risks in light of their financial condition. The information contained herein has been obtained from sources to be reliable, however, no independent verification has been made. The information contained herein is strictly the opinion of its author and not necessarily of Ever.Ag and is intended to be a solicitation. Past performance is not indicative of future results.
