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May Class III milk futures fell 70 cents to $12.18 per cwt on the Chicago Mercantile Exchange, and deferred contracts also lost 26 to 40 cents. Cash blocks, barrels, butter and nonfat dry milk all closed lower.
The week ended with broad dairy weakness.
Routine price moves across dairy products point to continued downward pressure on milk prices.
brownfieldagnews.comMark DorenkampApr 3, 2020Not 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.
May Class III futures fell 70 cents to $12.18 on April 3 with cash cheese, butter and powder all lower, directly reflecting the price decline within the window.
May Class III futures fell 70 cents to $12.18 with cash blocks, barrels, butter and NFDM all lower in the week ending April 3, directly describing the move.
