(NAFB) The Class III milk and cheese prices have seen fireworks in the past few weeks. Ryan Yonkman, the vice president of producer services for Ever.Ag, says it’s due to bullish buying events and reports stacking up on each other.
Essentially, he says tight supply is walking into the teeth of the high-demand season.
Demand hasn’t necessarily been great this year, but it’s been better than expected. It has been price-supportive for dairy producers.
Higher U.S. milk and cheese prices are not alone on the global market. Yonkman says other regions are seeing new highs, which is giving the U.S. some staying power in the global dairy trade.
Ryan Yonkman of Ever.Ag.
