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CME May Class III milk was unchanged at $16.38 and June fell 13 cents to $16.31, while cash block cheese held near $1.68 and butter was unchanged at $2.39. The USDA weekly dairy recap showed cheese supplies less plentiful and steady demand for dry milk products.
Mixed cash dairy prices and slightly lower deferred futures indicate a balanced market with no major new driver for dairy feed demand.
brownfieldagnews.comNicole HeslipMay 24, 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.
