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Class III milk futures on the CME fell back after the previous session's gains, with June down $0.09 at $16.51 and July down $0.21 at $17.04. Cash cheese blocks rose slightly to $1.7325 while barrels and butter were lower.
USDA reported milk output varied by region, with the Northeast and Mid-Atlantic seeing record receipts.
Heavier regional milk receipts and softer Class I demand weigh on dairy futures, keeping the pressure on milk prices for feed buyers serving dairy herds.
brownfieldagnews.comJohn PerkinsMay 26, 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.
