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February Class III milk futures on the CME closed a penny lower at $17.92, while March fell 6 cents and April fell 8 cents. Cash dry whey, butter, barrels, and nonfat dry milk were mostly higher, while blocks were lower.
Mixed moves in futures and cash markets show a balanced dairy price picture with no strong directional driver. Feed buyers should expect range-bound milk values in the near term.
radiokeokuk.comWritten by: Leah JonesFeb 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.
Class III futures settled lower, with February at $17.92 and deferred contracts down, showing the price decline directly during the window, though the daily moves were small.
