Loading…
Class III milk futures rose on Tuesday, with the nearby December contract up 7 cents to $13.72 and January up 24 cents. USDA's December report cut cheese and milk price forecasts for 2018 and 2019 and lowered milk production forecasts.
Lower USDA milk production forecasts and a smaller expected herd support firmer milk prices, while weaker cheese price forecasts limit gains.
brownfieldagnews.comNicole HeslipDec 11, 2018Not 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.
