Spot cheese prices surged to their highest levels since June, fueling a sharp rally in Class III futures as traders look ahead to the upcoming June trade data report.

The largest U.S. dairy cooperative has announced its acquisition of W&W Dairy, based in Monroe, Wis.

In the quest to reduce methane emissions by cattle, grazing animals have been left out of the picture thus far. That may be changing with a new commercial additive under development.

Cheese prices climbed above $1.70 for the first time in a month, lifting nearby Class III futures, while 2026 contracts slid to their lowest level since April.

Silage harvest success starts long before the chopper rolls, with early planning, plant monitoring and team coordination key to capturing high-quality feed.

Citing declining milk demand as the reason for the move, UNC says the facility’s production will be absorbed by other plants in the cooperative’s network.