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Class III milk futures closed lower on July 19, pressured by weaker global dairy markets. Skim milk powder, cheddar and butter prices declined in Western Europe and Oceania, and the USDA reported NFDM and dry whey moves.
Lower global dairy product prices weigh on U.S. milk futures and the dairy component of feed-buyer cost structures.
brownfieldagnews.comNicole HeslipJul 19, 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.
