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Class III milk futures were mostly lower on follow-through selling and demand uncertainty, with October down 14 cents to $15.77. Cash cheese blocks slipped to $1.61 and barrels fell 5 cents to $1.45, while butter rose 3 cents to $2.4475.
USDA said Midwest milk supplies had tightened after Hurricane Irma slowed production in the Southeast and Texas bottlers rebuilt inventories after Harvey.
Weather-related disruptions to milk supply tightened some regional availability, but weaker futures and cheese prices indicate limited price support for dairy and related feed demand.
brownfieldagnews.comJohn PerkinsSep 15, 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.
