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Class III milk futures were mixed, with May unchanged at $12.87 and August up $0.08 at $14.00. Spot cash cheese barrels fell $0.015 to $1.30, and butter held at $2.05 with supplies rising.
Rising butter and cheese supplies and slowing demand point to continued weakness in dairy product prices and milk values.
brownfieldagnews.comJohn PerkinsMay 6, 2016Not 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.
