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Class III milk futures on the CME closed higher on Wednesday, supported by firmer cash dairy markets. Grade AA butter rose slightly while barrels and NDM were mixed.
USDA set the April base Class I milk price at $14.10 per cwt, down $0.74 from March.
Routine daily dairy price moves with modest gains; no new supply or demand shock, so feed buyers see little change in dairy-driven feed demand.
brownfieldagnews.comNicole HeslipMar 21, 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.
