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Despite a jump in block prices, a wide gap persists between spot markets and Class III futures, raising questions about how long the premium can hold.
Class III milk futures surged early this month, driven by rising cheese prices and a shift in market sentiment that replaced discounts with a seasonal premium.
As the dairy industry evolves, small farms face critical questions about sustainability, profitability and the most effective methods for expansion.
NCBA applauds Secretary of Agriculture Brooke Rollins’ aggressive efforts to suspend Mexican cattle, horse and bison imports, saying Mexico’s corruption and mismanagement has caused the pest to spread closer to the U.S.
With June cheese futures nearing $1.92 and spot blocks lagging at $1.78, a price correction is looming as the two markets head for a collision.
Record-breaking heat hit areas of the U.S. this week with snow in the forecast for the weekend. As the disparity of moisture plays out, Nutrien’s Eric Snodgrass says he’s still concerned about the risk of drought.
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