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CME milk futures and cash dairy prices closed higher on Thursday, with November Class III milk up 19 cents to $20.87. Butter ended a three-day slide, closing up 5.75 cents at $2.6675, and nonfat dry milk rose a cent to $1.38.
Higher futures and a butter rebound support Class III and Class IV milk values in the near term. The gains are modest and do not change the broader softening trend.
brownfieldagnews.comLarry LeeNov 3, 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.
