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CME Class III milk futures were mixed at midweek, with April up three cents at $18.67 and May 10 cents lower at $18.06. Cash dairy was mostly lower, with blocks, barrels, butter and nonfat dry milk trading down on a stronger dollar.
Lower cash dairy values feed into Class III futures and reduce the milk price outlook for dairy producers, which weighs on demand for dairy-based feed ingredients.
brownfieldagnews.comLarry LeeApr 3, 2023brownfieldagnews.comNicole HeslipApr 5, 2023Not 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.
