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CME Class III milk futures fell on December 4, with December down 10 cents to $15.35 and January down 26 cents to $15.72. Cash blocks were unchanged at $1.585 and barrels eased to $1.40, while dry whey rose slightly.
Lower Class III futures and weak cash cheese point to reduced milk values for dairy producers, which can dampen demand for dairy feed byproducts.
brownfieldagnews.comNicole HeslipDec 4, 2020brownfieldagnews.comMeghan GrebnerDec 3, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
Class III futures fell further on Dec 4 with barrels easing to $1.40, showing continued selling pressure within the window.
