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Robust domestic cheese demand has pushed Class III futures to record highs, with third-quarter contracts averaging $21.28/cwt. The article notes that high US cheese prices make attracting new export buyers difficult, and that limited production capacity constrains supply.
Record Class III futures signal firm dairy-product values that support milk prices. Export competitiveness concerns could limit demand and affect dairy-feed economics later in the year.
thebullvine.comJun 15, 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.
