Class three milk futures short-term forecasts suggest class

Short-term forecasts suggest class three milk futures could test $17.65/cwt if current export trends hold. Inflationary pressures, however, remain a wildcard for global dairy consumption. Oobli secured its third FDA “no questions” letter, acknowledging the company’s assessment that brazzein-54 is Generally Recognized as Safe (GRAS) for use as a sweetener in foods and beverages, and marking another milestone in its mission to build a commercial-scale sweet protein technology platform for sugar reduction. [Suderman] It's been interesting to look at the early harvest results. Quite a bit of variability, some very disappointing yields because of the rust and because of the drought, some very impressive yields. And what's typically there with the impressive yields was I put two treatments of fungicide on fungicide made a huge difference this year. And I understand farmers didn't want to spend money in the first place, let alone in the second place at these prices. But it made a big difference from what I'm hearing. Difference in yield anywhere from 2030 to even 70 bushels per acre, depending on the disease impact. How you know, how strong the disease pressure was and the timing of the treatments. But for the most part, fungicide treatment really paid this year, in a year when we really need to bushel ourselves out of a problem. 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.