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Chicago Mercantile Exchange milk futures closed lower on Tuesday after the holiday weekend, with the May Class III contract unchanged at $16.38 and June down 23 cents. Cash dairy prices were mixed, with blocks unchanged at $1.6825, barrels down to $1.5425, and butter up to $2.4075.
Routine daily price moves in dairy futures and cash markets signal soft near-term pressure on Class III milk, which feeds into dairy-by-product feed demand and ration costs for buyers.
brownfieldagnews.comNicole HeslipMay 28, 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.
