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The USDA weekly dairy report for July 13-17 showed mixed CME prices, with barrels averaging $1.5950 and blocks $1.6055. Heat waves in the Central, East and Idaho regions were reducing milk output and components.
Heat-driven output losses offer some support to milk prices, but weekly price moves remain mixed and show no decisive trend for dairy feed demand.
Not 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.