Recent USDA data shows class three milk futures gained momentum as spot cheese prices rose 1.4%. Traders expect volatility ahead, with weather patterns potentially influencing milk output in the Midwest over the next quarter. In a memoir, “Eastward, Westward,” published this year, Mr. Cohen recalled the culture of antisemitism that kept him and other bright Jewish law students from winning summer internships at prestigious law firms. [Yeager] What is then the take from a phone call today? The market was lower by $0.10 after the news of what was discussed. Does that give you optimism or pause for concern? Strong retail cheese sales have underpinned recent strength in class three milk futures, now trading at $17.48/cwt. Economists highlight solid consumer spending trends as key to sustaining this momentum.
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