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Dairy futures were mixed for Class III and lower for Class IV at the open on January 2, 2025. Cheese prices rose recently but may be nearing a resistance threshold.
Spot milk discounts narrowed to $4.00 below Class as school bottling demand picks up.
Routine opening calls show cheese strength supporting milk outlook, while increased bottling demand reduces spot milk volume and price.
keyagdairydiary.blogspot.comJan 2, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
Report on the January 2 open describes recent cheese price gains and Class III futures mixed to firm, so it directly reflects the price action on the move date, though it points to resistance and light activity.
