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CME November Class III milk closed down $0.04 at $20.96, with December down $0.05 at $21.53. Cheese blocks rose $0.07 to $2.1350 and butter rose to $2.9050 in trading on the Chicago Mercantile Exchange.
Mixed futures with firmer cash cheese and butter give only a modest signal, so milk price direction remains range-bound for dairy feed demand.
brownfieldagnews.comLarry LeeNov 10, 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.
