Dairy Products are experiencing prices taper off as the holiday demand season wraps up. CME Spot cheese blocks went 2 and ¼ cents to $2.00 even while barrels slipped a half cent to $1.7350. Dry Whey shredded 4 and a half cents to $.4100 with 10 lots trading. In turn, Class 3 Q1 milk Futures averaged $19.04, down just over 17 cents. CME Spot butter also faced headwinds as it fell 15 and a half cents, back down to $2.7000. Nonfat dry milk gained a penny to $1.3600. Q1 Class IV milk futures remained constant at $19.92
Grain markets were down today. March Corn Futures settled at $6.4725, down 5 and ¾ cents. March Soybeans fell 20.25 cents to $14.6350. March Soybean Meal worked its way downward to $446.10, down $14.10. Soy oil found some life as March rallied nearly a cent per pound to $0.6341. July Wheat gave up 4 and a ¼ cents to $7.5675.
February Live Cattle tallied just over a quarter per hundred weights to $156.050. January Feeder Cattle did not fare as well, subtracting just over a dollar and a half to $182.100. February Lean Hogs were almost level with yesterday as it fell $0.075 to $85.700. February Crude Oil gained $1.43 to $75.90.
