Cameron S. Thraen
Agricultural, Environmental, and Developmental Economics, The Ohio State University
Dairy Economist, Extension Specialist
The Class IV market continues to be the driver for the class prices. Cheese is now moving to government storehouses in the form of processed cheese product. CME Class III futures contract prices continue to trade between $9.58 for the nearby to a high of $12.62 for the October contract. Cow numbers and cow productivity continue to keep prices low. The USDA released its long-term rainfall report this week and forecast a widening drought across much of the Corn Belt. Prepare for the worst with low milk prices and high feed prices this summer.?
Here is a look at the Advanced Prices for April 2000.
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NASS Prices to Component Prices
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Compoment Prices to Class Prices
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