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On June 30, 2022, CME milk futures fell, with July Class III down $0.27 to $22.53 and September down $0.60. Cash cheese and butter were unchanged, and NFDM edged up less than a cent, with little trade reported.
Lower futures and thin cash trade point to weak near-term milk price direction, pressuring dairy-sector feed buying.
brownfieldagnews.comLarry LeeJun 30, 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.
June 30 futures drop (July Class III down $0.27, Sept down $0.60) amid no cash demand reflects weak buying pressure within the window.
On June 30 Class III futures fell with little cash trade, indicating weak demand and falling prices within the window.
