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CME milk futures were up while cash dairy prices were mostly lower, except cheese, on the final Monday of the year. December Class III rose 2 cents to $19.32 and January gained 3 cents to $17.13.
Blocks rose 4 cents to $1.87 while nonfat dry milk slipped to $1.225.
Small moves in futures and cash prices reflect thin holiday trading rather than a new fundamental driver. The mixed tone gives no clear direction for milk demand from feed buyers.
brownfieldagnews.comLarry LeeDec 31, 2019Not 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.
