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Class III milk futures jumped 40 to 53 cents on Friday, April 5, after new cheese export news and spot market activity. An Ever.ag advisor said the gain was largely a recalibration after recent losses.
Prices remain within their longer trading range.
The gain looks more like a technical rebound than a fundamental shift, so milk price support is limited. Feed buyers should not read it as a lasting change in dairy demand.
brownfieldagnews.comLarry LeeApr 5, 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.
