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CME Class III milk futures closed lower on Friday, with January down 19 cents to $19.54 and nearer contracts mostly lower after earlier gains. Cash blocks fell to $2.1350 and barrels to $1.8575, while butter was unchanged at $2.38.
Lower futures and cash cheese values point to softer near-term milk pricing for dairy-based feed inputs such as DDGS-linked and dairy byproduct demand.
brownfieldagnews.comNicole HeslipDec 30, 2022Not 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.
