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Cheese and Class III milk prices rallied at the start of the week of April 24, 2024. The rally was attributed to firmer cheese demand, USDA data showing US milk cows down 71,000 head year on year, and a rebound from prices pushed lower by H5N1 bird flu concerns.
A tighter cow inventory and recovering cheese demand support Class III prices and milk-feed ratios. The rally is partly a rebound from an earlier bird-flu sell-off, so it may be fragile.
midwestfarmreport.comPam JahnkeApr 24, 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.
Cheese and Class III rallied from April 24 on firmer cheese demand, USDA data showing cow numbers down 71,000 head year on year, and a rebound from H5N1-driven lows, which starts the 5-day surge.
