Both sides of the market were tested yesterday after a lower opening for futures: A steady to modestly higher CME spot market session stemmed the tide of a mildly negative GDT auction, which declined by 3.6% overall.
Class III and Cheese futures opened quickly lower on Sunday night, and when the spot session was unchanged with no activity for both the blocks and barrels, prices remained under pressure throughout the session.
California's May Class 1 milk prices rebounded slightly, but remain about 34% below a year ago. Dairy Digester Research and Development Program grant applications are being accepted. Tammy Anderson Wise, CEO of the Dairy Council of California, has earned Certified Association Executive (CAE) distinction from the American Society of Association Executives.