Loading…
May Class III milk futures fell 27 cents to $11.37 on the CME, while June was at $12.44. Cash dairy markets were mixed, with blocks and butter higher and dry whey and nonfat dry milk lower.
Lower futures reflect the continued weakness in milk prices from the demand collapse. Cash market mixed moves give no clear signal of a change in direction.
brownfieldagnews.comMark DorenkampApr 30, 2020Not 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.
May Class III futures fell 27 cents to $11.37 on April 30, so this directly records the price weakness inside the 5-day window, though it describes the decline rather than its cause.
May Class III futures fell 27 cents to $11.37 on April 30, which is direct price action inside the 5-day window.
