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Milk futures on the CME turned higher midweek as traders bought back oversold positions, with April Class III up 17 cents to $23.46. Cash dairy prices were mixed, with blocks and butter moving slightly in both directions.
Routine futures moves in Class III milk reflect price sentiment for dairy producers and feed demand. The modest gains carry limited implications for feed prices.
brownfieldagnews.comNicole HeslipMar 30, 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.
