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Class III milk futures rose on follow-through buying, with May up 31 cents to $15.64. Cash cheese blocks gained 7 cents to $1.545 and butter rose to $2.09, while nonfat dry milk edged up to $0.855.
Stronger cheese and futures prices lift the milk price outlook in the near term, although USDA reports ample U.S. milk output that could cap gains.
brownfieldagnews.comJohn PerkinsApr 21, 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.
