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Class III milk futures closed higher on the CME, with December up 2 cents to $14.00 and March up 16 cents to $15.15. Cash butter was unchanged and nonfat dry milk rose 1 cent, with the move attributed to trade optimism.
Higher futures on trade optimism point to firmer expected milk prices, which could ease pressure on dairy producer margins.
brownfieldagnews.comNicole HeslipDec 3, 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.
