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Class III milk futures fell mid-session on May 16 as heavy selling erased early gains, even though spot cheese rose. September contracts dropped at least 15 cents but still settled above the prior Friday's levels.
June Class III slid 24 cents to $19.14/cwt, and grain and soymeal futures also finished lower.
Intraday reversals in Class III reflect uncertainty over whether cheese strength can support high futures premiums, which affects dairy farmers' hedging decisions. Softer grain prices also reduce feed costs for dairy operations.
dairyherd.comMay 16, 2025Not 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.
