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Class III milk futures closed higher on May 15, with May at $15.25 and June at $16.10, supported by strong international markets and export demand. Cash butter, blocks and nonfat dry milk were flat to slightly firmer, and the GDT index rose nearly 2%.
Stronger futures and export demand point to firmer milk prices in the near term, though cash dairy was mostly flat, so the move is modest.
brownfieldagnews.comNicole HeslipMay 15, 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.
