◂ Event Timeline

Mar 1, 2022MARKETUS

Milk futures, cash dairy trade mostly higher

Class III milk futures on the CME rose across most contract months, with March at $22.26 and April at $23.17. Cash markets were mostly higher, with butter up to $2.6925 and blocks up to $2.03, while the Global Dairy Trade index rose 5.1 percent.

WHY IT MATTERS

Rising futures and cash dairy prices signal tighter global dairy supply and firm demand, which supports dairy-linked feed demand and cost expectations for buyers.

AFFECTSMilk (Class III)▲

2 SOURCES
brownfieldagnews.comNicole HeslipMar 3, 2022
brownfieldagnews.comNicole HeslipMar 1, 2022

Price reaction & history

Milk (Class III)▲bullishSO FAR1d 0.0%5d +8.1%20d +7.1%

Not 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.

Linked price moves

Milk (Class III)+6.3%1 period to Mar 2, 20223.9σ
Same-window market report shows Class III futures and cash cheese/butter trade rising across most contract months alongside the GDT gain, directly describing the price move.
Milk (Class III)+8.5%5 periods to Mar 8, 20222.8σ
Class III futures and cash cheese/butter rose on 2022-03-01 alongside GDT, directly reflecting the start of the price move.

Milk (Class III) MILK · GP ▸

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