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Class III milk and cheese prices have rallied sharply in recent weeks. Analysts cite a downward revision to June milk production, tight US milk supply, tight heifer inventories, and avian flu affecting dairy herds heading into peak seasonal demand.
Tight milk supply entering the high-demand fall season supports dairy product prices and feed demand for dairy operations, with bullish implications for milk futures.
aginfo.netSep 2, 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.
Cites a downward revision to June milk output, tight supply and heifer inventories, and avian flu as drivers of the sharp Class III rally.
Describes the rally in Class III milk and cheese driven by a downward June production revision, tight milk supply, tight heifer inventories and avian flu in herds, which is a supply-side setup for a sharp price jump, though it predates the move by several days.
Tight US milk supply, a downward revision to June production, tight heifer inventories and avian flu pushed Class III and cheese up sharply into peak demand.
