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USDA Dairy Market News reported that Grade A nonfat dry milk closed at $2.1975 per pound in CME cash trading on November 6, down $0.0150 from the previous close. The report identifies the trading unit as a carlot of 41,000 to 45,000 pounds.
The small decline reflects a softer cash market for skim milk powder and may weigh modestly on dairy ingredient values if sustained.
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.