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On the CME, butter fell a third straight day to $2.61 on 15 sales, while November Class III milk rose 9 cents to $20.68. Cheese blocks and dry whey gained slightly, and nonfat dry milk slipped to $1.37.
Butter weakness pulls down the component values used in Class IV pricing, while cheese strength supports Class III. Mixed component moves leave the net direction of milk prices unclear.
brownfieldagnews.comLarry LeeNov 2, 2022Not 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.
