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CME dairy markets closed mostly lower on Wednesday, with the May Class III milk contract unchanged at $15.17 and June down $0.10. Butter and cheese barrels were mixed, and nonfat dry milk and blocks declined.
Softer futures and cash dairy prices signal weak near-term demand relative to supply, pressuring milk price expectations.
brownfieldagnews.comLarry LeeMay 30, 2018Not 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.
