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CME Class III milk futures rose on Wednesday, with July up $.23 to $14.29 and August up $.39 to $15.27, though gains did not offset heavy losses from the prior Monday. Cash dairy prices made small gains, with butter and barrel cheese higher and blocks lower.
A partial rebound after a sharp selloff reflects routine price movement without a new fundamental driver, so the near-term direction remains uncertain.
brownfieldagnews.comLarry LeeJun 27, 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.
