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MRV reports that butter prices keep falling because of cream and butter oversupply from high milkfat and expanded output. Cheese prices rose as buyers stocked up ahead of the holidays and tighter regional supplies limited output.
Butter weakness and cheese strength pull milk value in opposite directions, leaving the overall milk price outlook mixed.
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.