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Class III milk futures on the CME ended the week higher, with March up 69 cents to $21.38 and April up 47 cents to $21.50. Cash trade also firmed, with butter up 5 cents to $2.54 and blocks up 6 cents to $1.79.
Higher Class III and cash dairy prices raise the cost of dairy-based feed ingredients and signal stronger milk returns for producers. Routine market moves like this offer little new supply or demand information.
brownfieldagnews.comNicole HeslipJan 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.
