The CME Spot Trade was flat to negative across all commodities. Block Cheese came down $0.0250 while barrels lost nearly 4 cents, settling to $1.5475. Whey remained the same at $0.3375 with 14 lots of trading hands. May Class III milk spit back 8 cents, falling to $16.68. Class IV was quiet after a couple of consecutive green days. Nonfat and Butter were level, priced out at $1.1925 and $2.4425, respectively. May Class IV came up a penny to $17.95.
Grains are having a tough go of it after China ghosted the marketplace. December Corn fell a couple of pennies to $5.2850. November Soybeans dropped over 3 cents to $12.6850. December Meal gave up a couple of dollars down to $396.50/ton. December Soy Oil also followed suit, losing almost 20 cents to $51.17. Wheat liked hearing about hail and the Kremlin bombing yesterday as it latched on to another nickel, settling out at $6.45 even in July.
Cattle finally rebounded today as Live Cattle in June only shrank less than a cent to $161.575. May Feeder Cattle accepted almost a quarter to $203.650. Lean Hogs lost a dollar in May, finishing the day at $77.075. Crude seemed to level out at a floor of $68, losing just 4 cents. The dollar went the opposite way, adding 7 points up to 101.184.
