Cme class 3 milk futures seasonal patterns suggest CME Class 3

Seasonal patterns suggest CME Class 3 milk futures could see short-term gains into August, as fluid milk bottlenecks in the Northeast persist. This historical pattern of low correlation underscores the potential diversification benefits of incorporating commodities into a portfolio. By including assets that don't move in lockstep, investors can potentially reduce overall volatility and improve risk-adjusted returns. This is particularly important during periods of market turbulence, when diversification can help mitigate losses and preserve capital. While indices such as BCOM and SPGSCI provide broad commodity market exposure, relying solely on these benchmarks may leave valuable diversification potential untapped. Let's consider a few examples of our listed commodity markets that do not qualify for inclusion in the main commodity indices yet offer diversification potential and a reasonable liquidity profile: Dairy Market News reports that cool weather in the upper Midwest was contributing to increased cow comfort and improved milk output while output was steady to lighter in the southern portion. The long holiday weekend contributed to increased spot milk availability and mid-week prices ranged $3-under to $1.50 over Class. The holiday weekend also contributed to lighter cheese production, but plant managers said they would run busy schedules the rest of the week. CME Class 3 milk futures cash-to-futures basis widened to $0.22, leading some processors to lock in hedges ahead of September’s delivery period.