June settlement prices for Class III milk futures remain strong, driven by improved cheese demand from North America’s QSR chains. Analysts cite $17.90 as the near-term target if trends hold. But he was crossing lines. Morejon allowed the student to sit behind his desk. He let her sleep there, during class. He entered grades for work she didn’t complete. When they talked, he sometimes touched her thighs. The Class III milk futures curve is currently in backwardation, with near-term contracts higher than late-year deliveries. This pattern often signals tight supply conditions coupled with short-term demand spikes. Class III milk futures opened Thursday at $17.64, with traders balancing rising cheese output against weaker global milk powder prices. The market’s technical support sits firmly at $17.
