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Class III milk futures rose on follow-through buying, with February up $0.04 to $16.62 and March up $0.11 to $17.15. Cash cheese blocks rose to $1.6875 while butter gained to $2.22, and USDA reported large cream supplies keeping butter production active.
Firm cheese and butter values lift Class III milk prices, which supports dairy-sector feed demand and dairy margins for feed buyers. Ample cream supplies cap butter upside in the near term.
brownfieldagnews.comJohn PerkinsJan 27, 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.
