Mr. Alex Tebbe, Graduate Research Associate, Department of Animal Sciences, The Ohio State University
In the last issue, the May Class III futures price was set at $14.44/cwt and forecasted to jump to $15.25/cwt in June. The May and June Class III prices actually closed slightly higher at $15.18 and $15.21/cwt, respectively. The Class III price future for July is slightly higher at $15.36/cwt. but is expected to take a large drop in August to $14.08/cwt.