Loading…
Class III milk futures closed lower on Wednesday, with April at $15.42 and May at $15.64. Cheese blocks, barrels and dry whey eased, while butter rose 2 cents to $2.94 and nonfat dry milk gained a cent to $1.14.
Lower Class III futures and cheese prices point to softer milk-based ingredient values. Butter strength is a partial offset.
brownfieldagnews.comLarry LeeApr 3, 2024brownfieldagnews.comLarry LeeApr 2, 2024Not 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.
CME report shows Class III futures closed lower with cheese blocks, barrels and whey easing, consistent with the cheese-led decline, though dated a day later and describing a smaller move.
