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Class III milk futures rallied 40 to 50-plus cents on the front contracts on Monday, with spot barrels up 8 cents to $1.55 and blocks up 7.25 cents to $1.61. Grain markets moved lower, with corn down 5 cents, soybeans down 4 to 11 cents and wheat down 1 to 8 cents.
The broad dairy rally and mixed grain moves reflect routine trading rather than a new supply or demand shock. Feed buyers should note the modest grain softness but no lasting price change is signaled.
dairynews.todayEkaterina PetrovaJan 31, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
