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Class III milk futures closed mostly lower on November 21 ahead of the Thanksgiving holiday, with December down 14 cents at $14.32. USDA data showed cheese and butter cold storage down month over month but up year over year.
Routine dairy futures moves with weaker cheese and butter values point to soft milk pricing, a modest negative for dairy feed demand.
brownfieldagnews.comNicole HeslipNov 21, 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.
