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CME Class III milk futures ended the week higher, with February up a penny to $14.03 and May up a dime to $15.14. Butter was unchanged at $2.29, and USDA reported that cash dairy prices rose for most product categories, except nonfat dry milk.
The week's gains are modest and reflect routine trading rather than a new fundamental shift. Weather-related delays to hauling and production had little lasting price effect.
brownfieldagnews.comNicole HeslipFeb 1, 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.
