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The CME Group cash markets report for March 28, 2024 shows Grade AA butter closing at $2.8425 with robust spring holiday demand. Cheese blocks and barrels closed around $1.42 to $1.43 on ample inventories and light demand, with milk trading below Class III.
Nonfat dry milk and dry whey prices were little changed.
Weak cheese demand and loose milk availability pressure Class III milk values, and the wider cash market soft tone limits dairy feed demand.
dairynews.todayEkaterina PetrovaMar 28, 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.
