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CME milk futures closed higher on August 26, with September Class III up $0.23 to $20.24 and October up $0.40 to $20.76. Cheese blocks slipped to $1.74, while cheese barrels, butter at $3.0825 and nonfat dry milk at $1.56 rose.
Higher futures support milk value and slightly firm the outlook for dairy inputs. Gains were modest and mixed across products, so the effect on feed costs is limited.
brownfieldagnews.comLarry LeeAug 26, 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.
