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US dairy markets were range-bound at the end of August 2021 with no clear price direction. Cheese futures drifted lower on product mix, capacity and fewer government removals, while a shortage of 640-lb block packaging appeared to be easing.
Sideways dairy markets with a slight downward lean suggest limited near-term support for milk prices and dairy-linked feed demand.
mctdairies.comAug 31, 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.
