Butter gained 1.25 cents to add to its solid week in the CME Cash Dairy Product Trade. Blocks and barrels climbed 4.25 cents while both Grade A Nonfat Milk and Dry Whey remained unchanged.
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Class III milk futures maintained a tight range throughout the course of the trading day. April lost 3 cents while both May and July scratched out a 7-cent gain. Eight out of the 10 remaining months in 2021 are posting numbers above $18.00/cwt. Class IV volume was slim to close out the week.

The grain complex extended morning gains with strength into the close. May corn surged 13 cents to $5.4550/bushel. May soybeans exploded 19.50 cents to $14.30/bushel. May soybean meal was up $1.60 to $418.20/ton. May Chicago Wheat inched 2 cents higher to $6.53/bushel.

Cattle and hogs joined in on the higher moves. April live cattle settled 47 cents higher to $119.02/cwt. $118/cwt has been a pivotal number, often acting as both support and resistance in this market in recent years. April feeders climbed a nickel to $139.02/cwt. May lean hogs crept 7 cents higher to $89.47/cwt. April crude oil rallied $2.50 to $66.33/barrel.

Last month, 14 of our dairy farms in Maine, as well as dozens of dairy farms across northern New England, got an unexpected and disappointing notice from Danone of North America saying that they were discontinuing their contracts with our organic dairy farmers in Maine, New Hampshire, Vermont and elsewhere.

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