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Class III milk futures closed lower on the CME as traders gave back earlier gains. USDA August class prices showed Class II at $15.07, Class III at $14.95 and Class IV at $14.63.
Blocks and barrels closed slightly higher.
Lower futures and mixed class prices signal modest softness in the forward dairy complex. The cash market gains limit downside, so feed buyers see little change in demand for dairy-linked feed ingredients.
brownfieldagnews.comNicole HeslipAug 30, 2018Not 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.
