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Class III milk futures were mostly lower on spread trading and profit taking, with February up $0.01 at $16.86. Cash cheese blocks slipped to $1.61 and butter fell $0.075 to $2.1025, while USDA reported steady to higher fluid milk output.
Abundant milk and cheese supplies and strong butter output point to continued softness in dairy prices, a mild negative for dairy-linked feed demand.
brownfieldagnews.comJohn PerkinsFeb 10, 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.
