Loading…
Chicago Mercantile Exchange milk futures traded in a narrow range on Tuesday, with August Class III at $16.04 and September at $17.38. Cash dairy markets were mostly higher, with blocks at $1.7550 and butter at $1.7150, offset by a bearish cold storage report.
Mixed futures and firmer cash dairy prices signal stable near-term dairy values with little new directional pressure on dairy-based feed ingredients.
brownfieldagnews.comNicole HeslipAug 24, 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.
