Its Derby weekend and Class III milk was off to the races on Friday.
The milk markets were right back higher on Thursday without much help from the product market.
On this first day of May, the CME spot trade would be characterized ultimately as calm and unmoved.
Class III milk market lost some of the recent gains on Tuesday following the trends we saw Monday in light trading on the CME Spot Product Trade.
The CME Spot product market was mixed on Friday as 4 of the 5 products traded.
Feed prices for dairymen seem to get cheaper by the day as of late.
Cheddar Barrels highlighted a mixed day in the CME spot product trade.
For quite some time, cheese inventories have been a dark cloud that has hung over the head of the milk market.
May settled at $16.25, June at $16.61, and the second half of the year closed with its average at $17.00 per cwt.