# Finally: Good news for dairy farmers

> June Class III milk futures rallied more than $9 from an April 22 low of $10.68 per cwt to about $20 on June 3, one of the fastest rallies on record. The move was led by spot cheese, with blocks and barrels surging to $2.35875 per pound. Deferred contracts rose more slowly, in the mid-to-low $16 to $17 range.

- Date: 2020-06-04 · published 2020-06-04T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/4250-finally-good-news-for-dairy-farmers
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Strong cheese demand from pizza and restaurant restocking is pulling milk futures higher. Deferred contracts lagging suggests the market is pricing a shorter-term rally rather than a longer-term reset.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2020-06-03 | 5 | +65.9% | 15.0 | Directly documents the record-fast June Class III rally from $10.68 to ~$20 led by spot cheese surging to $2.36/lb, matching the 5-day move. |
| MILK | 2020-06-09 | 5 | +69.1% | 14.6 | Documents the record-fast Class III rally from $10.68 to about $20, driven by spot cheese block and barrel surges, which is the move itself and its mechanism. |
| MILK | 2020-06-03 | 1 | +63.1% | 20.8 | Directly describes the record-fast Class III rally to about $20 on June 3, led by spot cheese blocks and barrels surging, which is the price move in question. |
| MILK | 2020-06-02 | 1 | +63.1% | 20.8 | Describes the record-fast rally in June Class III futures led by surging spot cheese, which is the mechanism behind the move, though dated just after the window. |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/finally-good-news-for-dairy-farmers

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.