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Chicago milk futures were mixed to start the week, with May Class III unchanged at $25.12. USDA data showed April cheese stocks up one percent on the month and other cheese types at a record monthly high.
Record cheese inventories signal ample dairy supply, which limits upside in milk prices and dairy-based feed demand.
brownfieldagnews.comNicole HeslipMay 23, 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.
