CME Class 3 milk futures implied volatility sits at 17%, up from 14% last week, reflecting uncertainty over summer heat impact on yields. CME Group Inc. does not have control over the content, accuracy, quality, or legality, of any third-party product, service, or content advertised on this webpage. The presence of such advertisements on this webpage does not signify any association, partnership, or endorsement of the third-party or its content by CME Group Inc. The national corn price averaged $4.29 per bushel, down 18 cents from May, following a 17 cent drop in June, but is 6 cents above a year ago. Soybeans averaged $10.20 per bushel, down 20 cents from June, and $1.10 per bushel below a year ago. Alfalfa hay averaged $173 per ton, down $4 from June, and $10 below a year ago. Dairy market watchers link today’s CME Class 3 milk futures uptick to USDA’s bullish export data and strong Asian whey powder orders.
