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Class III milk futures at the CME fell on demand concerns, with September down $0.18 at $16.46. Cash cheese blocks slipped $0.085 to $1.565 and butter dropped $0.035 to $2.5925.
Lower cheese and butter values pull Class III milk futures down, which weighs on the milk price feed buyers and dairy producers see. Continued softness in cheese demand suggests limited near-term support for milk prices.
brownfieldagnews.comJohn PerkinsAug 28, 2017brownfieldagnews.comJohn PerkinsAug 29, 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.
