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Milk futures started 2019 slightly higher, with January Class III closing down a penny at $14.30 while February through April rose. Dry whey, blocks, barrels, butter and nonfat dry milk saw small moves, and the Global Dairy Trade index in New Zealand reached its highest level since mid-July.
Routine futures moves with mixed cash dairy and firmer global auction prices point to a modestly supportive milk price outlook for feed buyers using dairy by-products.
brownfieldagnews.comNicole HeslipJan 3, 2019brownfieldagnews.comNicole HeslipJan 2, 2019Not 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.
