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Class III milk futures rose on technical and commercial buying, with February up $0.25 at $16.99. Cash cheese blocks gained $0.10 to $1.85 and barrels rose $0.12, while USDA reported the January Class III price at $16.77.
A sharp rally in cheese and milk futures lifts dairy returns, though the move is short-lived market action without a new fundamental shock.
brownfieldagnews.comJohn PerkinsFeb 2, 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.
