Markets were calm across the board to close out the week. Blocks and barrels remained at $1.7025 and $1.60 respectively. Butter fell 2.50 cents on 16 trades to $1.7275/lb. Grade A Nonfat Milk dropped 1 penny to $1.36/lb. Dry Whey added a ¼ of a penny to $.5725/lb.
Light volume was seen both in class III and IV milk today. September milk lost 1 penny to $16.53/cwt. October tacked on 8 cents to $17.35/cwt. 2022 milk futures were mixed. Class IV milk saw just 2 contracts in May and July trade today. Those months were 8 and 11 cents lower.
The grain markets traded a tight range today. December corn eased 2.50 cents to $5.2675/bushel. November soybeans inched ¾ of a penny higher to $12.85/bushel. October soybean meal decreased 50 cents to $336.10/ton. December Chicago Wheat tacked on 6 cents to $7.2375/bushel.
Cattle and lean hogs were mixed on the day. October live cattle lost 30 cents to $122.95/cwt. October feeders gained 50 cents to $157.25/cwt. October lean hogs rallied $2.52 to $87.27/cwt. November crude oil increased 68 cents to $73.98/barrel.
