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CME Class III milk futures closed mostly lower on November 15, with the November contract down a penny at $18.00 and December down 13 cents at $17.49. Cash markets for blocks, barrels, butter and nonfat dry milk also traded lower.
Routine futures and cash softness signals modest near-term downward pressure on milk values, with limited direct effect on feed grain prices.
brownfieldagnews.comNicole HeslipNov 15, 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.
