Cme class 3 milk futures traded at $17

CME Class 3 milk futures traded at $17.85/cwt in today’s session, with volume up 14% amid stronger dairy demand signals. Traders are eyeing Q3 contracts as feed cost relief may support milk margins. CME Group Inc. does not have control over the content, accuracy, quality, or legality, of any third-party product, service, or content advertised on this webpage. The presence of such advertisements on this webpage does not signify any association, partnership, or endorsement of the third-party or its content by CME Group Inc. Pennsylvania was up 0.4% on a 25 pound gain per cow. Cow numbers were down 5,000 head. South Dakota was up 10.6%, on 21,000 more cows and a 15 pound gain per cow. Texas production jumped 119 million pounds or 8.4% from a year ago, thanks to 39,000 more cows and a 50 pound gain per cow. Dairy market watchers link today’s CME Class 3 milk futures uptick to USDA’s bullish export data and strong Asian whey powder orders.