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Milk futures strengthened, with Class III May moving above $12 per cwt and June and July finishing limit up. Class IV milk moved limit higher in several months, with May up 12 cents to $10.62.
Wisconsin, like USDA and California, will not collect dairy checkoff money on dumped milk due to pandemic-related lower demand.
Rising milk futures and reduced dumping of milk signal firmer dairy demand, supporting dairy-linked feed prices. The checkoff suspension is a minor policy change with little direct price effect.
en.edairynews.comDamián MoraisMay 20, 2020Not 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.
June and July Class III contracts finished limit up, showing the early stage of the rally and strong buying momentum.
