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CME Class III milk futures closed lower on September 28, with October at $16.71 and December down slightly. Butter rose 3.5 cents to $3.335 while blocks and barrels of cheese declined.
Routine futures closing levels show milk prices drifting lower on cheese weakness, a modest signal for dairy-herd feed demand. Butter gains do not change the overall bearish tone.
brownfieldagnews.comLarry LeeSep 27, 2023brownfieldagnews.comLarry LeeSep 28, 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.
