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CME milk futures and cash dairy prices were mostly lower on Friday. October Class III milk fell $0.19 to $21.75 while cheese blocks, butter and dry whey were unchanged, and nonfat dry milk rose $0.02 to $1.57.
Lower Class III futures signal softer near-term milk revenue for dairy farmers and modestly weaker demand expectations for dairy-based feed inputs.
brownfieldagnews.comLarry LeeSep 30, 2022brownfieldagnews.comLarry LeeSep 29, 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.
