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Class III milk and cheese prices have surged in recent weeks, according to Ever.Ag's Ryan Yonkman. He attributes the rally to bullish buying and stacking reports, with tight supply entering peak demand season and demand stronger than expected.
Tight supply and firmer demand support Class III milk prices, which can encourage dairy herd management decisions and affect feed demand.
en.edairynews.comDamián MoraisSep 2, 2024Not 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.
Directly describes the Class III and cheese rally in the days before 9/9, driven by bullish buying and tight supply entering peak demand.
Bullish buying, stacking reports and tight supply heading into peak demand were driving the Class III and cheese rally just before the move.
