Whey led the rally in Class III last week and came out of the gate strong with bids this morning, giving Q1 Class III futures contracts an early pop back over $19.50.

The USDA has announced its latest round of financial support to address the critical shortage of food animal veterinarians in many parts of the United States.

What a week in the Class III market, driven by a nice run higher in both CME cheese and whey futures.

New Federal Order will require national milk testing and support state officials and dairy regulators; builds on actions to protect farms, farmworkers and communities from H5N1 avian influenza.

It’s not very often that whey takes the lead story, but it’s had main character energy this week.

“I know people are concerned about the tariffs, but the fact is, [Trump] looks at tariffs as a way to get their attention and eventually to get better and reciprocal trade agreements,” says Terry Branstad.