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Class III milk futures on the CME closed mostly higher on Friday, recovering some of Thursday's losses. September milk closed down eight cents at $16.21 while later months rose.
Cash barrels and blocks were mixed, and the USDA noted flooding had closed some Midwest plants.
Higher futures and firmer dry product prices point to modestly stronger milk values, which supports dairy farm margins and feed demand. The weather-related plant closures are a short-term factor.
brownfieldagnews.comNicole HeslipSep 7, 2018Not 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.
