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September Class III milk was up $0.39 at $18.88 per cwt on the Chicago Mercantile Exchange, with October up $0.22. Cash dairy was mostly lower.
Butter rose $0.04 to $2.74 and cheese barrels fell slightly.
Routine futures gains with mixed cash prices reflect no new fundamental shock. Modest strength in forward milk prices slightly supports dairy margins.
brownfieldagnews.comLarry LeeAug 21, 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.
