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Class III milk futures on the CME rose on an oversold bounce after mostly lower trade, with July at $15.72 and August at $16.58. Cash cheese blocks gained to $1.525 and butter rose to $2.6425, while USDA reported Midwest milk output steady to lower but supplies still ample.
Routine price commentary with no new supply shock; firm cheese and butter support milk futures, but ample supplies cap gains and limit the effect on dairy feed demand.
brownfieldagnews.comJohn PerkinsJun 30, 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.
