Butter prices tumble at Chicago Mercantile Exchange
Butter prices fell at the Chicago Mercantile Exchange as holiday production ended. Grade AA and Grade A declined to 1.38 and 1.38 per pound, Grade B to 1.36, with declines from the prior week. CCC bought 1.2 million pounds butter, 3.6 million pounds cheese, and 10.4 million pounds nonfat dry milk, the largest such purchases since prior months. North Central region activity and national dairy movements show continued strength in commercial channels and various price shifts across dairy products.
MENTIONED IN THIS ARTICLE
Chicago Mercantile Exchange
CCC
Central
CDC
Stored corn sales pull prices lower in Midwest markets
Midwest corn prices drift lower as large volumes of stored corn approach trade channels. Wheat and coarse grains eased, farmer selling remained light while traders offset ahead of the holiday. Kansas City and Minneapolis quotes show declines across corn, wheat and soybeans with spot and futures prices dipping.
MENTIONED IN THIS ARTICLE
Midwest
Slaughter steer demand light at Midwest markets
Slaughter steers and heifers closed 50 cents to $2 lower at Midwest terminals last week, except Sioux City where prices held. Demand ranged light to moderate amid bearish sentiment, with midweek price recovery as buyers filled close-up needs. Fed steers 57-62 cents, Holstein 52-58, dressed beef 95-97 cents. cows 26-39 cents, bulls 37-47 cents, heifers up to 60 cents. Veal 55-85 cents, hogs 35-52 cents, lambs 72-77% cents. overall slaughter down about 60,000 head year over year.
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Midwest
Sioux City
Fed
South St. Paul
Fed Holstein
Joliet, Hl
Packerland
Wisconsin
Kansas
Iowa
Minnesota
Gene
Norval
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