Mixed Markets to Close 2020
2020 comes to a close with a mixed dairy trade and the grain complex sliding even higher. The most volatile year we have seen for markets continues as we turn the page to the new year. The CME spot trade saw nice volume show up to the Cheese trade. Cheddar blocks gained a penny to $1.65/lb with 10 loads trading hands, Barrels gained 3 ½ cents with 4 loads trading to $1.54 ¼. Butter however continued its slide lower, falling 2 ¾ cents to $1.42/lb with only 1 load trading hands.
Grade A Non Fat Dry milk gained a quarter of a cent to $1.14 ¼, with Dry Whey falling half a cent to $0.46 1/4/lb - both moving a load respectively.
Class III struggled to follow cheese. January fell 26 to 15.80, February fell 42 to 17.49, March fell 28 to 17.51, that balance of 2021 was 2 higher to 17 lower.
Class IV fell 8 in Jan to 13.79, February fell 4 to 14.06, and March was unchanged at 14.63/cwt.
Meanwhile grains continue to put in new contract highs. Corn up 9 ½ cents to 4.84, Soybeans gained 10 ½ cents to 13.11 for the March contract and Soybean meal gained $2 to 434.40/ton.
