# "A couple of weird months" ahead for dairy markets - Jacoby

> Analysts describe spot cheddar blocks at $2.7375/lb and barrels at $2.40 in early July, with a wide gap between projected Class III and Class IV prices. Cheese tightness in June was driven by strong retail sales, food service restocking, and USDA purchase programs. The discussion also questions how the Federal Order system is functioning.

- Date: 2020-07-15 · published 2020-07-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52279-a-couple-of-weird-months-ahead-for-dairy-markets-jacoby
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Tight cheese supply and strong demand keep dairy prices elevated, while the Class III/IV gap signals distortions in milk pricing that can affect dairy farm margins and feed purchasing.

## Read by commodity

- MILK: bullish ▲

## Sources

- jacoby.com: https://www.jacoby.com/weird-weeks-ahead-for-dairy/

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