May 20, 2020: Dairy Week In Review

After falling to 20-year lows in late April and early May, Class III and Class IV milk futures prices have been increasing on the CME, driven by increases in prices for butter and cheese. As of May 19, Class III prices for the next 12 months averaged $16.02 per cwt., up from an average of $14.39 on March 31, while Class IV prices averaged $14.52 per cwt., up from an average of $12.04 on March 31. Read More