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October Class III milk futures closed 24 cents higher at $18.11 on the CME, with November up 38 cents. Cash blocks, barrels, butter and nonfat dry milk also advanced.
Higher cash dairy and futures values lift the expected milk price for the coming months. This is routine price movement with no new underlying cause.
brownfieldagnews.comMark DorenkampSep 30, 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.
