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CME milk futures traded lower on Thursday, with April Class III down 8 cents at $15.56. Cash dairy markets were steady to higher, with cheese blocks up a penny and butter slightly higher.
Dry whey and nonfat dry milk were unchanged.
Routine futures moves show a soft outlook for milk, which can weigh on dairy-cow feed demand and related byproduct pricing. The day's changes are small and reflect no new fundamental driver.
brownfieldagnews.comLarry LeeMar 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.
