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Dairy futures and cash markets were mostly lower on Tuesday at the CME, with December Class III milk futures down 6 cents to $15.44. Grade AA butter rose 1 cent to $2.21, while barrels fell 10 cents to $1.48 and 40-pound blocks dropped 4 cents to $1.45.
Lower Class III futures for 2018 reflect market expectations of softer milk prices, which affects dairy farmers' feed purchasing decisions.
brownfieldagnews.comLarry LeeDec 20, 2017Not 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.
