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Milk futures on the CME rose above $18 for the first time, with July Class III up at $17.41 and September at $18.02. Cash markets were firmer on declining stocks and production, while New Zealand export volumes were mixed and European dairy prices were mostly lower.
Stronger US futures on tighter stocks support milk prices, while weaker European prices limit the global upside for dairy ingredients.
en.edairynews.comDamián MoraisJul 26, 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.
