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Class III milk futures on the CME were mostly lower in early January 2017, with the front contract up slightly. Cash cheese blocks held near $1.66 and butter was unchanged at $2.26.
Routine cash and futures moves show a soft US milk complex, with little new supply or demand driver.
brownfieldagnews.comJohn PerkinsJan 6, 2017brownfieldagnews.comJohn PerkinsJan 5, 2017Not 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.
Class III futures were reported mostly lower in early January with cash cheese flat near $1.66, indicating direct downward futures pressure without cash support.
