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CME milk futures fell on August 29, with September Class III down $0.35 to $19.89 and November down $0.45 to $21.17. Cheese blocks dropped $0.025 to $1.715 with no sales, and nonfat dry milk edged up to $1.57.
Lower futures reinforce the bearish trend in milk and cheese values, which weighs on dairy-based feed ingredient prices. Thin trading suggests the move reflects sentiment more than a new supply shock.
brownfieldagnews.comLarry LeeAug 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.
