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Milk futures on the CME ended the week higher, with August Class III up 30 cents to $17.08, and traders were optimistic Mexico could lift tariffs. Cash dairy prices ended mostly lower, though butter was higher, and the USDA said cheese demand had slumped in the Midwest.
Expectations of eased Mexican tariffs on US dairy support futures and the Class III price, which affects dairy farm margins and demand for dairy feed inputs.
brownfieldagnews.comNicole HeslipMay 17, 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.
