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After plunging yesterday, Class III futures reversed course.
Milk production in the 24 major dairy-producing states saw a slight rise in September, totaling 17.5 billion lbs.
Spot prices dipped today following yesterday’s bearish Milk Production report.
A weaker milk supply has finally resulted in price strength for certain dairy products.
Kids love to imitate their parents, and Americans are certainly enamored with their coffee drinks. Now kids can have their own coffee.
In its September Milk Production report, USDA pegged U.S. milk output at 18.2 billion pounds, up 0.1% year-over-year and ahead of expectations.