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On February 29, 2024, CME Class III milk fell 28 cents to $16.96 for March, and cheese blocks, butter and dry whey all closed lower. Nonfat dry milk was unchanged at $1.19.
Lower spot cheese, butter and whey values pull down the Class III price, which is a routine downward price move without a new supply or demand shock.
brownfieldagnews.comLarry LeeFeb 29, 2024Not 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.
