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November Class III milk futures moved above $20 per hundredweight. An analyst views the $20 level as a psychological threshold and sees hedging opportunities for producers through 2020.
Futures above $20 give dairy producers a price floor to hedge against, which supports herd management and dairy feed demand.
rrfn.comCarah HartNov 6, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
November Class III futures moved above $20 with a psychological threshold and hedging interest, indicating momentum and sentiment late in the window.
