Loading…
November Class III milk futures rose 35 cents to $20.21 per cwt on the CME, with December up 56 cents to $19.48. Cash cheese, butter, and nonfat dry milk prices were mostly higher, and USDA set October Class III at $18.72.
Firm cheese and milk futures point to better dairy margins, which can support herd feeding budgets and demand for dairy-feed inputs.
brownfieldagnews.comNicole HeslipOct 29, 2019brownfieldagnews.comNicole HeslipOct 30, 2019Not 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.
November Class III futures rose 35 cents to $20.21 and December rose 56 cents on higher cash cheese, butter and NDM, directly reflecting the 1-day move in the Class III price.
Class III futures rose 35-56 cents on higher cash cheese, butter and NDM prices, contributing to the 5-day gain.
November Class III futures rose 35 cents to $20.21 on Oct 29 with cash cheese higher, contributing directly to the weekly gain.
Class III futures and cash cheese rose on Oct. 29, showing momentum into the move, though the gains were modest relative to an 8.25% one-day jump.
