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CME Class III milk futures closed higher on Thursday as cash dairy markets traded firmer. Dec Class III rose a penny to $18.43 and January rose 17 cents to $20.18, while butter and blocks also gained.
November's Price Index rose 5.6% from October.
Firm cash butter and cheese prices lift milk futures, supporting farm-gate milk prices heading into 2022 and suggesting stronger demand for dairy feed rations.
brownfieldagnews.comNicole HeslipDec 30, 2021Not 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.
Dec 30 futures gains (Jan Class III up 17 cents to $20.18) with firmer cash cheese and butter began the rally within the window.
