Loading…
On December 9, Class III milk futures rose, with January up $0.15 at $16.68 and March up $0.28 at $17.01, supported by lower USDA milk production estimates. Cash cheese blocks slipped to $1.71 and nonfat dry milk fell to $0.9725.
Lower USDA milk production estimates tighten supply and support futures, while weaker cash cheese and powder point to softer spot demand.
brownfieldagnews.comJohn PerkinsDec 9, 2016Not 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.
