It was green across the board today in Chicago, with CME cheese rebounding and finishing strong. Blocks settled at $2.2100 per pound, up $0.1350, while barrels finished at $2.2600 per pound, tacking on 8.75 cents. Plenty of butter traded into the weekend, with 26 loads exchanged. But prices were unchanged at $3.1700 per pound.
Class III futures got a lift following the jump in CME spot cheddar markets. Fourth quarter Class III prices settled at $22.39 per hundredweight, up 23 cents from the day before. Q4 Class IV prices also rose to $22.68 per hundredweight, a four-cent gain.
Grain markets ticked higher today. September corn ended the week at $3.7800 per bushel, up 6.25 cents, and the nearby soybean contract settled at $9.8200 per bushel, tacking on 8.25 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.
