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CME spot dairy prices were mixed to firmer on September 5, 2024, with butter up 1.5 cents to $3.1625 and nonfat dry milk up slightly to $1.3575. Cheese blocks and barrels were steady, and Class III futures traded actively ahead of the USDA July Dairy Products report.
Ongoing firmness in butter and milk powder supports dairy-based feed ingredient values, while traders position ahead of the USDA report that could move prices.
thebullvine.comSep 5, 2024Not 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.
Firmer spot dairy and active Class III futures trading on Sept 5 reflect continued buying within the move window.
