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CME milk futures fell on January 3, 2023, with January Class III down $0.47 to $19.07 and near-term contracts lower across the curve. Cash dairy prices were steady to lower and dry whey was unchanged at $0.4150.
Lower Class III futures signal weaker milk revenue for US producers, which can reduce feed buying power. The routine move reflects continued bearish sentiment in milk.
radiokeokuk.comWritten by: Leah JonesJan 3, 2023Not 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.
CME Class III futures fell on Jan 3 with weakness across the curve, directly extending the downward price move into the Jan 5 window.
