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Class III futures rose on an oversold bounce and USDA data showing February milk production below a year earlier. Cash cheese blocks gained to $1.43, and the Global Dairy Trade index rose 1.7%.
Lower-than-expected milk output and a firmer global auction support dairy prices, though cash markets remain mixed.
brownfieldagnews.comJohn PerkinsMar 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.
