An ag marketer says rangebound cheese markets have limited Class
III milk from pushing past the $18 mark.
“As we talk about the month ahead, which is what the September and October milk markets are constantly having to do, we find a lot of buyer resistance.”
Mike North, president of Commodity Risk Management Group,
tells Brownfield cheese prices, the largest driver to milk futures, hasn’t been
able to move past $1.80 and is stuck in a sideways range while exports are
starting to back up.
Continue reading Cheese markets and EU limiting $18 potential at Brownfield Ag News.
