A bit of a rebound in the dairy markets the last couple of days. Cash cheese barrels gained 2.25 cents on the Chicago Mercantile Exchange on Thursday while blocks added a penny. Class III futures for June have increased 69 cents since Tuesday, the July contract has increased 69 cents since Wednesday.
Dairy Market News says milk production is variable in the Central Unites States while the South and Northeast are seeing a strong comeback in production. Florida exported 90 loads this week. The flush is yet to arrive in the West. California changed its 4b pricing formula this month and producers are seeing a higher pay price.
Some are wondering what is going to happen when schools close for the summer, right now spot loads are running even to $1.60 over but that could quickly turn-around.