Milk markets were beat up on Wednesday following a lackluster product trade.
Share on twitter
Share on facebook
Share on linkedin
Share on whatsapp
Share on email

Barrel cheese led the weakness as 9.5 cents/lb fell out of the market and settlement was printed at $1.79/lb. Block cheese declined 3.75 cents to a $1.85/lb price. Nonfat dropped 2.25 cents to $1.5925/lb while whey suffered another 2 cent loss to $0.42/lb. Butter was the lone product to gain adding 2.75 cents/lb to $3.06.

Class III prices saw August falter 34 cents and September 50 cents, respectively. Q4 2022 ranged from 35-39 cents lower. Outside of January losing 21 cents of value, most 2023 months were slightly lower to 40 cents higher. Class IV was off around 15-20 cents in 2022.

Grain markets were mixed. Corn added 2 cents in new crop to $5.96/bu. Soybeans lost 17 while meal closed $5/ton lower. The wheat complex had Minneapolis 2-3 stronger while Chicago was down 10-11 cents.

The marketers are at it again, breathlessly promoting “innovation” as a storm of startups gather, each hoping to cash out their venture capital before their business models crash and burn.

You may be interested in

Deja una respuesta

Tu dirección de correo electrónico no será publicada.

To comment or reply you must 

or

Related
notes

Cerrar
*
*
Cerrar
Registre una cuenta
Detalhes Da Conta
*
*
*
*
*
Fuerza de contraseña

SUBSCRIBE TO OUR NEWSLETTER