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USDA reported butter processors finished print production ahead of Thanksgiving, with cream demand seasonally declining and butter output rising. Cheese production varied by region, with strong Midwest retail demand and ample barrel inventories.
Fluid milk production was higher in parts of the Central region as expansion continued.
Rising milk and cream output against mixed demand keeps dairy price pressure balanced to softer, limiting firm upside for dairy feed byproducts.
brownfieldagnews.comJohn PerkinsNov 25, 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.
