Class 4 milk futures volatility in feed grain prices has

Volatility in feed grain prices has indirectly impacted Class 4 milk futures, now holding near $19.41/cwt. Higher input costs could pressure supply, giving bulls reason to aim for the $19.60/cwt mark before year-end. 1 lemongrass stalk, outer leaves removed, bruised with the back of a knife, cut into 2-inch pieces Make allowances: USDA is raising the assumed cost of converting milk into bulk dairy products. That means a greater proportion of the revenue from selling bulk dairy products will stay with the processor and less of the revenue will be passed back to farmers, which lowers the price of milk across the board. Spot market strength in butter and powder prices has filtered into Class 4 milk futures, lifting October settlements above $19.50/cwt. Supply chain logistics remain tight, suggesting that dips below $19.30 could be met with strong buying interest.