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CME milk futures and cash dairy closed higher on Friday, with August Class III up $0.11 to $17.20 and forward months gaining. Cheese blocks and nonfat dry milk also rose slightly, while cheese barrels and butter eased.
Modest gains in Class III futures and cash dairy only partly reverse Thursday's losses, so the price trend stays soft for milk buyers. The moves are small and do not change the broader supply picture.
brownfieldagnews.comLarry LeeAug 4, 2023brownfieldagnews.comNicole HeslipAug 3, 2023Not 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.
