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Class III milk futures closed lower on the week, with October down three cents at $17.87 and November at $19.61. Cash block and barrel prices were mixed, and USDA reported record cheese stocks in September.
Record cheese inventories cap upside in dairy prices, a routine signal of modest pressure on milk returns.
brownfieldagnews.comNicole HeslipOct 21, 2021brownfieldagnews.comNicole HeslipOct 22, 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.
