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Chicago Mercantile Exchange milk futures reversed higher on Thursday, with May Class III up 30 cents to $16.91 and June up 27 cents to $17.45. Spot cheese blocks gained 3.75 cents to $1.68 and butter rose to $2.4125.
Firmer cheese demand lifts Class III milk prices, which supports dairy-related feed demand and sentiment for milk-based feed inputs. The move is a routine daily price update with limited new supply or demand information.
brownfieldagnews.comNicole HeslipApr 27, 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.
