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On the CME, September Class III milk rose 24 cents to $17.06 per cwt while October and November contracts fell, and cash blocks rose 7.25 cents to $2.125. Dry whey was unchanged at $0.3325, butter fell slightly to $1.4925, and nonfat dry milk was unchanged at $1.03.
Mixed futures and cash moves show a range-bound dairy complex with no clear new driver. Modest changes in whey and NFDM values have limited direct impact on feed ingredient pricing.
brownfieldagnews.comNicole HeslipSep 4, 2020Not 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.
