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Class III milk futures on the CME mostly rose on Friday, with April up 28 cents to $17.08 and May up 20 cents to $17.52. Cash trade was firm, with blocks up 2 cents to $1.72/lb and butter up 3.75 cents to $1.775/lb.
Firm cash trade carried over into futures, supporting milk prices for the coming months. The moves are routine and reflect continued strength rather than a new shock.
1230kfjb.comAshley AndersonMar 27, 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.
