Class III milk continued to trudge higher despite a lackluster CME spot product trade on Thursday.
Our four-class, Federal Order system forces dairy companies to compete with two hands tied behind their backs and one leg encased in concrete.
Despite zero support in the CME spot product markets on Wednesday, Class III markets were mainly higher.
A mixed day of trading in the CME Spot Product market drove class III milk…
Partnerships between the dairy checkoff and retail brands help strengthen the demand for dairy products.
Another active market was witnessed in the grains sector last week.
Wet weather is pushing corn and soybean planting and hay harvest later, which could impact feed prices and dairy margins.