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Milk futures on the CME rose on April 28, with April Class III up to $24.39 and later months gaining 16 to 35 cents. Cash blocks, butter and nonfat dry milk all moved higher, while dry whey was unchanged.
Higher dairy futures and cash prices lift the value of dairy ingredients used in animal feed. The moves are routine trading rather than a new supply event.
brownfieldagnews.comNicole HeslipApr 28, 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.
