Futures started the week off with a whimper, continuing the fall that started at the end of last week. CME product markets didn't fare much better.
This is just a ¼ cent over the low that was established last week and now just 3.75 cents off the lowest price traded all year.
'Until our neighbors understand what we do, why we do it and why we care, they can be led to believe we’re a caricature of evil.' --Don Niles, Wisconsin dairy farmer.…
The CME spot product market was softer on Wednesday as 3 of the 5 products offered were lower.
GDT event 225 was released on Tuesday and was mainly higher, U.S. markets moved in the opposite direction.
It was a classic game of Deal or No Deal as we came through the G20 summit that was being held in Buenos Aires over the weekend. Still, markets moved higher on Monday.
Markets have reacted to the recent signing of the USMCA and ongoing tariff debates, but supply and demand factors will dictate impact on milk prices.