Tuesday, December 14, 2010
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Today, December 14, 2010 CME block prices fell again to $1.3350 per pound. USDA released its latest World Agricultural Supply and Demand Estimate (WASDE). The dairy page is above.
There is a serious disconnect between the activity on the CME and WASDE report. January's class III futures on the CME settled at $13.11.
There is a serious disconnect between CME block prices and other prices on the CME. NFDM Grade A $1.27 per pound.