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Milk futures on the CME ended the week lower, with March Class III down four cents to $17.72. Most cash dairy markets also declined, and US butter stocks in cold storage are building.
Weekly declines and rising butter inventories point to weaker dairy prices, which lowers the value of dairy-linked feed inputs.
brownfieldagnews.comNicole HeslipFeb 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.
