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Class III milk futures finished the week higher, with October up 15 cents to $17.16 after recovering oversold positions. Cash dairy markets saw strong demand, with blocks, barrels, butter and nonfat dry milk all gaining.
A broad rebound in cash dairy and futures lifts milk-linked returns and supports dairy-herd feed buying. The gain is a routine market move without a new fundamental cause.
brownfieldagnews.comNicole HeslipSep 22, 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.
