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Class III milk futures on the CME were mostly higher on August 10, 2016, with September up $.06 at $17.30 and November up $.07 at $16.60, while August fell $.08. Spot cash cheese blocks slipped $.01 to $1.805, butter fell $.01 to $2.2575, and nonfat dry milk rose $.015 to $.8475.
Firmer deferred Class III futures and mixed spot trade point to a continued but modest recovery in milk prices from June lows, which supports dairy herd feed demand.
cowsmo.comAug 10, 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.
