Class III Futures Hit $19
April 7, 2021
Butter was the lone product to move lower in the CME Cash Dairy Product Trade, dropping 1.75 cents to $1.8150/lb. Blocks gained 1.50 cents to $1.80/lb. Barrels added a nickel to $1.58/lb. Grade A Nonfat milk inched up 1 to $1.1925/lb. Dry Whey remains unchanged at $.66/lb.
Class III milk saw May-July blast through $19.00/cwt. April jumped a nickel to $17.50/cwt, being mostly priced already. August through December ranges from $18.00 to $18.91/cwt. Class IV saw modest gains.
Soybeans lost momentum off of the overnight session with May settling 10 cents lower to $14.0875/bushel. May corn increased 6.25 cents to $5.6050/bushel. May soybean meal settled $2.70 higher to $409.10/ton. May Chicago Wheat finished just ¾ of a penny higher to $6.1625/bushel.
Cattle and lean hogs printed all green. April live cattle added 42 cents to $123.15/cwt. April feeders rallied $1.15 to $147.62/cwt. May lean hogs surged $1.80 to $104.45/cwt. May crude oil gained 36 cents to $59.70/barrel.