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December Class III milk futures fell 31 cents to $16.32 and January dropped to $15.38. Dry whey, blocks and barrels slipped while nonfat dry milk rose slightly.
Lower futures and cash prices signal weaker milk returns for producers in the near term.
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.