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CME milk futures and cash dairy markets closed lower on December 12, with Class III futures for December down 5 cents to $16.18. Cheese blocks and barrels, butter and nonfat dry milk also declined, while dry whey rose slightly.
Routine price declines in cheese and Class III futures reinforce a soft milk price trend, with little new fundamental driver.
brownfieldagnews.comLarry LeeDec 12, 2023Not 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.
