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Class III milk futures on the CME opened the week higher, with April at $15.65 and most deferred months up slightly. Cash dairy prices were mixed, with blocks and butter lower and dry whey higher.
CWT accepted export assistance offers for cheddar and butter shipments to Asia, Central America and the Middle East.
Modest futures gains and export assistance support US dairy prices. The moves are routine and have limited effect on feed demand.
brownfieldagnews.comNicole HeslipApr 1, 2019brownfieldagnews.comNicole HeslipApr 3, 2019Not 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.
