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CME milk futures and cash dairy prices were mixed on June 1, with May Class III unchanged at $25.20 and June down $0.12. Cheese blocks held at $2.2475 with no sales, and nonfat dry milk edged up.
Mixed daily moves with no new fundamental driver leave the near-term milk price direction unchanged.
brownfieldagnews.comLarry LeeJun 3, 2022brownfieldagnews.comLarry LeeJun 1, 2022Not 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.
CME report for June 1 shows June Class III down $0.12 and cheese blocks stuck at $2.2475 with no sales, directly describing the weak cheese pricing behind the Class III drop.
