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Class III milk futures on the CME closed mixed on Thursday, with May milk down a nickel at $15.19 and June up a penny at $15.76. Grade AA butter rose to $2.4025 while blocks fell to $1.6210 and nonfat dry milk closed at $0.8425.
USDA bi-weekly data showed whole and skim milk powder, cheddar and butter prices improving in Western Europe and Oceania.
Routine daily dairy price moves with modest support from firmer international product prices and export demand. The moves are small and do not signal a new supply or demand shift for feed buyers.
brownfieldagnews.comNicole HeslipMay 24, 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.
