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CME milk futures and cash dairy prices fell again on Friday, October 28, 2022. November Class III milk dropped $0.18 to $20.21 per cwt, while cheese blocks held at $1.96 and butter slipped to $3.14.
Lower Class III futures and cash cheese signal weaker milk check values for dairy producers and reduced feed-buying power, which can dampen demand for dairy-cow feed ingredients.
brownfieldagnews.comLarry LeeOct 28, 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.
CME milk futures and cash dairy prices were sliding in the prior session, with November Class III down 18 cents, which shows the downward momentum heading into the move.
