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CME milk futures fell sharply again on Monday, with July down $.24 to $15.19 and August down $.36, while cash dairy prices were mixed. Over the past week July Class III futures lost $.71 and August lost $.96.
Continued futures declines signal weakening milk prices for producers, a routine market move without a new cause identified in the report.
brownfieldagnews.comLarry LeeJun 18, 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.
