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Milk futures on the CME rose after USDA's Prospective Plantings and Grain Stocks reports were released, with April Class III up 43 cents to $17.60. Cash dairy was mixed, with blocks slightly lower and butter down half a cent, while barrels and nonfat dry milk edged higher.
The USDA report release triggered a rally in forward Class III contracts, which signals stronger expected milk revenue. Mixed cash prices suggest the futures move is partly speculative.
brownfieldagnews.comNicole Heslip31 mar 2021brownfieldagnews.comNicole Heslip30 mar 2021Dopo 237 eventi rapporto rialzista passati, Latte (Classe III) si è mosso in mediana di +0,0% in 5 sedute (51% in rialzo; metà centrale da -0,3% a +0,6%), e di +1,2% in 20.
Variazioni del benchmark di ciascuna materia prima rispetto all'ultima chiusura prima dell'evento. Le letture storiche raggruppano eventi passati dello stesso tipo; descrivono ciò che è accaduto, non ciò che accadrà. Non è consulenza di investimento.
Same-day CME report: April Class III futures rose 43 cents to $17.60 after USDA's Prospective Plantings and Grain Stocks reports, which directly links the move to futures price action and grain-driven sentiment.
Class III futures rose after USDA's Prospective Plantings and Grain Stocks reports, adding to upward momentum and reflecting feed-cost and sentiment effects just before the large move.
