Loading…

February Class III milk futures closed 75 cents higher at $16.03 on the CME, with March and April also up 75 cents. Cash dairy was mixed, with blocks down 4 cents at $1.4050 and butter down slightly at $1.5950.
Higher Class III futures suggest some near-term price recovery for milk, though mixed cash markets limit the upside for dairy-based 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.