The USDA released two reports in the dairy space on Monday afternoon; the milk production report and cold storage reports.
Both Class III milk and the temperatures are on the rise!
Class IV markets were 3-8 cents higher September 2019 through February 2020.
The alternative dairy market continues to grow, and now there's lab-grown dairy products.
Class III milk surged back Wednesday.
The CME spot product market followed GDT with mixed results.
Ag markets saw a sweet back Monday across the board.
There is optimism of higher prices, but optimism needs to be supported by reality. We are still not out of the woods and the second half of the year will be filled with volatility and uncertainty.
Product and Class III milk markets closed out this week with it’s weakest finish in quite some time.
Class III milk gave back some of its recent gains.