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Rabobank's Lucas Fuess said US milk prices are improving steadily, with the June Class III contract up about $4 in a month. He pointed to record US cheese exports in March and tight cheese supply as the drivers.
Stronger cheese demand and limited milk growth lift Class III prices, which supports dairy farm income and the demand for feed. Price direction is supportive for milk.
brownfieldagnews.comNicole HeslipMay 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.
