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CME milk futures and cash dairy prices traded lower on Thursday, with June Class III down $0.26 at $16.11. Cheese blocks fell to $1.52 and dry whey was near $0.275.
Routine futures moves in Class III milk and cheese point to continued weak dairy prices, a mild negative for dairy-linked feed demand.
brownfieldagnews.comLarry LeeMay 25, 2023brownfieldagnews.comLarry LeeMay 24, 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.
