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Milk futures on the CME finished mostly higher Thursday, led by a lower dollar and a butter-buying spree in the cash market. June Class III rose 36 cents to $18.90 and butter climbed in cash trade.
Higher Class III futures signal firmer milk revenue expectations for dairy feed buyers. This is routine price commentary with no major new supply or demand shift.
thebullvine.comAndrew HuntMay 3, 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.
It repeats the same futures rise driven by a lower dollar and strong cash butter buying, which supported sentiment and Class III pricing.
