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Milk futures and cash dairy prices rose on the Chicago Mercantile Exchange on Wednesday. August Class III milk gained $0.10 to $14.86, and Grade AA butter and 40-pound blocks also edged higher.
Nonfat dry milk and dry whey were little changed.
Routine price moves with no new supply or demand shock. Small gains in milk futures suggest modestly firmer dairy product values for feed buyers.
brownfieldagnews.comLarry LeeAug 1, 2018Not 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.
Same-day CME report shows Class III futures and cash dairy (butter, blocks) rising, directly reflecting the price move, though the reported $0.10 gain is small relative to a 5.24% move.
