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Class III milk futures closed mostly higher on Tuesday, supported by an active cash session. September milk was unchanged at $16.52 and later contracts closed flat to nine cents higher.
Cooperatives Working Together also accepted 15 export assistance requests covering more than 10 million pounds of dairy product bound for Asia, the Middle East and Oceania.
Export contracts add demand for US dairy products, supporting cash prices. Routine futures moves here do not signal a major change in supply or demand.
brownfieldagnews.comLarry LeeSep 5, 2018brownfieldagnews.comNicole HeslipSep 4, 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.
Class III futures were mostly higher on Sept 4 with an active cash session, and export assistance requests added demand support within the window.
