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Class III milk futures were mixed on April 17, with April at $15.24 and May at $15.14 per hundredweight. Cash cheese blocks were unchanged at $1.475 and butter fell slightly to $2.075.
USDA reported strong Midwestern cheese production and surplus milk supplies.
Routine price moves show ample milk supply keeping dairy product prices subdued. Surplus milk limits upside for milk futures and dairy-based feed ingredients.
brownfieldagnews.comJohn PerkinsApr 17, 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.
