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CME Class III milk futures rose on Monday, with August up $0.16 to $17.36 and September up $0.46 to $17.94. Cash cheese blocks were unchanged at $1.965, while cheese barrels, butter and nonfat dry milk were steady to higher.
Routine futures and cash price moves reflect short-term sentiment rather than a new supply or demand shock. The gains point to firmer milk pricing into the fall.
brownfieldagnews.comLarry LeeAug 7, 2023Not 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.
Class III futures rose on Aug 7 (Aug +$0.16, Sep +$0.46) with steady-to-higher cash dairy, directly contributing to the price gain within the window.
