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Class III milk futures closed lower on the CME, with December down 10 cents to $13.78 and nearby contracts falling further. Cash blocks held at $1.35 while barrels and dry whey were mixed, and the market was pressured by a lack of progress on the USMCA trade deal.
Lower futures signal weaker expected milk prices, which trims dairy producer margins and reduces feed buying pressure.
brownfieldagnews.comNicole HeslipDec 6, 2018brownfieldagnews.comNicole HeslipDec 7, 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.
Dec 6 report of Class III futures closing lower, with December down 10 cents, pressured by stalled USMCA progress, directly reflects sentiment and trade-risk selling, though the stated drop is smaller than the -4.77% move.
