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CME Class III milk futures fell about 11 cents on Nov. 29, 2023, with December at $16.11.
Spot cheese barrels rose while blocks dipped, and butter and nonfat dry milk were mixed. No significant new cause was reported.
Lower Class III futures point to weaker farm milk prices for the next contract months. The moves are routine and reflect current cheese and butter trading.
brownfieldagnews.comLarry LeeNov 29, 2023brownfieldagnews.comLarry LeeNov 30, 2023brownfieldagnews.comMark DorenkampNov 28, 2023Not 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.
