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September Class III milk futures on CME closed 3 cents lower at $16.64, while October rose to $16.85. Cash dairy was mostly higher, with blocks, butter and nonfat dry milk firm and barrels and dry whey steady.
Mixed futures with firmer cash butter and powder point to a balanced dairy market with no strong directional driver. Feed buyers see little change in dairy-based feed demand.
brownfieldagnews.comNicole HeslipAug 31, 2021brownfieldagnews.comNicole HeslipSep 2, 2021brownfieldagnews.comMark DorenkampSep 3, 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.
Reports CME Class III futures and firm cash dairy (blocks, butter, NFDM) around the move date, indicating cash-market support for the price jump.
