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Class III milk futures on the CME closed mixed on Monday, with September unchanged at $18.28 and October down two cents at $18.13. Cash dairy traded mostly higher, with blocks up and butter down two cents.
Japanese August imports were mostly lower than the prior month.
Routine futures and cash moves show a stable Class III price near $18, which keeps dairy farmers' feed-buying budgets supported. Mixed cash trade gives no clear new direction for dairy feed demand.
brownfieldagnews.comNicole HeslipSep 30, 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.
