April 12, 2024: Say Cheese, Please

The Class III milk futures prices have been rebounding since the beginning of April, thanks to recent reports that point to an increasing demand for cheese. Since April 1, Class III milk futures for April through July contracts are up 60 cents per hundredweight, now at $16.92 per hundredweight, with the price per pound for Cheddar cheese blocks up 12 cents. USDA did announce the March Class III milk price at $16.34 per hundredweight, up 26 cents from February but still $1.76 lower compared with year-ago levels.

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