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CME Class III milk futures were mixed at the start of the week, with January and February unchanged at $13.98 and March down 2 cents. Cash blocks rose 0.75 cents and butter rose 1.5 cents.
Traders anticipated delayed USDA reports after the government shutdown ended.
Mixed futures and cash moves show no clear direction for milk prices in the near term. Delayed USDA data reduces price visibility for feed buyers until reports resume.
brownfieldagnews.comNicole HeslipJan 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.
