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On June 27, 2022, CME milk futures closed lower for most contracts, with July Class III down $0.35 and August down $0.42. Cash dry whey rose slightly while cheese blocks were unchanged and butter fell a half cent to $2.91.
Routine futures declines signal softer near-term milk values, which weighs on dairy margins and related feed demand.
brownfieldagnews.comLarry LeeJun 29, 2022brownfieldagnews.comLarry LeeJun 27, 2022brownfieldagnews.comLarry LeeJun 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.
Class III futures fell again on June 27, with July down $0.35 and August down $0.42, showing downward momentum heading into the June 29 move, though the size is far smaller than 6.29%.
On June 27 CME Class III futures closed lower (July -$0.35, August -$0.42) with flat cheese blocks, which is part of the selloff, though the size is small relative to a -6.3% move.
On June 27 CME Class III futures fell, with July down $0.35 and August down $0.42, at the start of the window.
