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Total Farm Marketing advisor John Heinberg says Class III milk is making a good run on solid demand. He notes an unusually wide spread between block and barrel cheese and advises producers to protect value as the market heats up.
Strong Class III demand and a wide cheese spread point to firm milk prices, supporting dairy feed demand and favoring producer hedging.
rrfn.comCarah HartJan 3, 2022Not 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.
Class III making a strong run on solid demand with wide block-barrel spread indicates cheese-driven buying momentum in the window.
Notes Class III running higher on solid demand and a wide block-barrel cheese spread, indicating cheese-driven momentum and speculative buying.
