As the snow blows into the Midwest, dairy has another quiet day but shows some green. The CME spot trade was mixed. Butter fell 1 ½ cents on 13 trades to $1.27 ¾, Cheddar Blocks fell 2 ¼ cents to $1.53 1/2 on 5 loads moving and Barrels gained 3 ¼ cents to $1.44 ½ with 1 load finding a new home.
Grade A non Fat Dry milk gave back 2 cents to $1.09/lb and Dry Whey held unchanged at $0.53/lb with no loads trading hands
Class III gained momentum as the day traded. February fell 4 to $15.54, March fell 2 to $16.01, and April gained 3 cents to $16.37/cwt. The balance of 2021 traded 8 lower to 5 higher.
Class IV followed butter lower. February fell 27 cents to $13.23, March fell 17 to $13.77, and April fell 17 to $14.45
The grain complex is losing steam as we sit near the top of recent highs. Corn fell 2 cents t 5.50 even, Soybeans gained 1 ¼ cents to $13.72 ¼, Soybean meal fell $2.40 to $433.10/ton.
