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Class III milk futures fell on Monday in response to lower cheese prices, and barrel cheese reached its lowest level since August. USDA's October Milk Production report showed output above a year ago, with the national dairy herd at 9.42 million head.
Rising milk supply and weak cheese prices pressure Class III futures, and concerns over post-holiday demand could keep dairy markets under pressure.
keyagdairydiary.blogspot.comNov 22, 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.
