A tightening cheese supply is sending prices higher globally.
This month cheddar block prices reached $2.27 per pound. Cobank says that is the highest price in 27 months.
Class III Milk futures are also on the rise, with the bundle average reaching $22.90 in the week following Labor Day. While higher prices moving into the fall is great, traders do not believe they will hang around for long.
CME has the four-month average for January to April 2025 Class III features at just $19.80.
Related Stories
The award recognizes wheat varieties that deliver strong results throughout the milling and baking process
Allendale analysts say lower hog production has yet to generate the typical seasonal price movement.
The National Milk Producers Federation says AI adoption continues expanding both inside and outside the barn.
Lewis Williamson with HTS Commodities discusses late-season planting progress, market fundamentals heading into summer, and the influence of biofuel policy on grain demand.
The International Dairy Foods Association is developing new tools to help identify emerging export opportunities for dairy products.
Avocado growers and buyers face sharp price swings when Mexican supply changes faster than alternative sources can respond.