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Milk futures were higher on the Chicago Mercantile Exchange, with September Class III up $0.18 at $18.94. Cash dairy markets were mixed, and butter traded around $2.67 with 20 sales recorded.
Forty-pound cheese blocks were unchanged at $1.9450.
Higher futures reflect firmer milk price expectations, though cash market mixed action limits the signal. Dairy processors and feed buyers track these moves for near-term pricing.
brownfieldagnews.comLarry LeeAug 25, 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.
