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On Tuesday at the CME, cash dairy markets fell and milk futures dropped sharply for a fourth straight session. Class III June was down $.12 to $15.26 and July was down $.29 to $15.73, with butter, barrels and blocks also lower.
Four consecutive sessions of declines reflect weakening sentiment in US dairy, a routine market wrap with no new fundamental cause given.
thebullvine.comAndrew HuntJun 6, 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.
