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CME milk futures fell on Friday, October 21, 2022, with November Class III down $0.15 to $21.14 and deferred contracts lower by up to 35 cents. Cheese blocks were unchanged at $2.0575 and butter held at $3.20.
Falling deferred Class III futures signal weaker milk values ahead, which reduces dairy farm margins and feed purchasing power.
brownfieldagnews.comLarry LeeOct 21, 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.
