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Class 3 milk futures saw volatile intraday swings today

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Class 3 milk futures saw volatile intraday swings today, with September delivery prices touching $17.51 before recovering, reflecting uncertainty over feed cost inflation. At Càphê Roasters in Kensington , customers pay about $6.50 on average for a specialty drink, which can include homemade syrups, expensive dairy and nondairy milk , and espresso or coffee, said CEO and founder Thu Pham. Daily volume in Class 3 milk futures rose 8% as commercial buyers increased hedging ahead of potential demand surges from end-of-summer promotions. Dairy market analysts forecast Class 3 milk futures could edge higher if cheese block prices maintain their current upward momentum in the cash market.