Cash dairy prices were mixed on Wednesday at the Chicago Mercantile Exchange. Dry whey was up 0.0050 to 0.7350. One sale was recorded at that price. Forty-pound cheese blocks were down 0.0100 to 1.3750. Eight sales were recorded, ranging from 1.3750 to 1.3825. Cheese barrels remained unchanged at 1.4000. No sales were recorded. Butter prices were down 0.0050 at 1.4000. Seven sales were recorded ranging from 1.3500 to 1.3875. Nonfat dry…… Continue Reading
U.S. ethanol production held up well during the week of Christmas. The U.S. Energy Information Administration says production 1.12 million barrels per day, rising 25,000 on the week and 9,000 on the year, boosted by demand expectations and good returns. The Iowa State University Center for Agricultural and Rural Development says the estimated operating margin…… Continue Reading