Loading…
Class III milk and cheese futures hit new contract highs at the start of 2025, with barrel and block cheese at $1.875. Cheese output fell about 33 million lbs short of forecasts in November, and strong butter demand is pulling milk away from cheese production.
Tighter cheese production and firm butter demand support higher dairy product values, which supports milk prices and dairy feed demand.
thebullvine.comJan 7, 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.
Class III and cheese futures hit new contract highs at the start of 2025 on sluggish cheese output, which matches the direction and timing of the rally. Dated 01-07, it may partly reflect the move rather than cause it.
