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May Class III milk futures closed at $18.93, while June rose 27 cents to $17.98 and July gained 34 cents to $18.55. Blocks rose to $1.5675 per pound and barrels to $1.6425, while butter fell to $1.785 and nonfat dry milk to $1.29.
Dry whey was unchanged at $0.6525.
Stronger cheese and deferred Class III futures support higher milk prices for later in 2021. Mixed cash dairy prices suggest the rally is not yet broad across all products.
brownfieldagnews.comNicole HeslipMay 26, 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.
