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CME milk futures and cash dairy prices fell again on Wednesday, April 24. May Class III dropped 35 cents to $17.78, with June and July also lower.
Dry whey, cheese blocks, butter and nonfat dry milk were all lower or flat in cash trade.
Broad declines in Class III futures and cash dairy prices point to weaker milk values. This reduces the value of dairy co-products in feed formulation.
brownfieldagnews.comLarry LeeApr 24, 2024Not 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.
