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On the CME, Class III milk futures closed mostly lower on Tuesday, with November up slightly at $16.58. Butter fell to $2.25 and nonfat dry milk slipped to about $0.73 per pound, while cheese blocks closed up one cent at $1.76.
Routine futures moves with no new cause, so the effect on feed demand is small. Weak butter and nonfat dry milk point to soft dairy product values.
brownfieldagnews.comLarry LeeOct 31, 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.
