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Class III futures rose on an oversold bounce, with August up 30 cents to $16.31. Cold storage cheese stocks rose but monthly outmovement was larger than average, and a cheddar export assistance program was accepted for 1.4 million pounds.
Stronger cheese outmovement and export assistance point to firmer demand, supporting milk futures.
brownfieldagnews.comJohn PerkinsJul 25, 2017brownfieldagnews.comJohn PerkinsJul 27, 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.
