October Class III futures topped $19 with November and December close behind.
FARM 4.0, which starts Jan. 1, 2020, will offer both incentives and penalties.
Companies are stocking up for the holidays and driving cheese prices higher.
People with anti-dairy agendas aren't just your run of the mill animal activists.
September through December stocks all had significant increases.
Cheddar blocks officially traded at $2.00 per lb. on Monday, pushing Class III milk in September to $18.07 per cwt.
Block cheese price has moved to a level it has not seen in nearly 5 years. There are various reasons it does not feel that way. It may take some time to feel confident low milk prices are behind us.
Cheddar blocks near $2 per lb. Thursday, hitting a price we have not seen since the Summer and Fall of 2014.
Feed prices continued to soften Tuesday after being closed for Labor Day Monday.
Labor Day weekend marks the end of summer and beginning of school for many parts of the US. As we transition into the fall buying season for holiday dairy product needs, we see some mixed movements in the CME spot product markets this last week…