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Class III milk futures closed higher on Thursday after improved Chinese imports and a mostly bearish USDA dairy product report. November closed nine cents higher at $14.88, with butter and nonfat dry milk also firmer.
Stronger Chinese import demand supports dairy product values and the Class III benchmark, modestly improving the outlook for dairy-linked feed demand.
brownfieldagnews.comNicole HeslipNov 1, 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.
