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Easter Bunny Boosts Milk Prices Moderately Post-Holiday

USA 02.04.2024
Source: The DairyNews
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Following the Easter holiday weekend and with the arrival of spring, the CME spot trade witnessed a slight uptick. Nearly all five dairy products displayed positive movement on the trading board, edging higher.
Easter Bunny Boosts Milk Prices Moderately Post-Holiday
Pic by AI
Cheddar Blocks rose by 2 cents to $1.43 3/4, while Cheddar barrels saw a gain of ¾ of a cent, reaching $1.43 1/2 per pound. Butter also experienced a ¾ cent increase, reaching $2.85 per pound. Grade A Non Fat Dry milk remained steady at $1.12 per pound, while Dry whey gained a quarter of a cent, reaching $0.40 1/2 per pound.

However, Class III milk prices dipped marginally, with April down by 2 cents to $15.54, May down 10 cents to $15.86 per hundredweight (cwt), and June down by 4 cents to $16.60 per cwt. The latter half of 2024 saw trading fluctuating between 2 cents higher and 20 cents lower amid low volume.

Meanwhile, Class IV milk prices closed with slight gains, with April up by 9 cents to $19.89, May up by 4 cents to $19.89, and June up by 12 cents to $20.12 per cwt. The remaining months of 2024 all traded above $20 per cwt.

In grain and feed markets, there was a retracement from Thursday's gains. Corn fell by 6 ½ cents to $4.35 ½, with December corn down by 3 cents to $4.74 3/4. Soybeans declined by 5 ¾ cents to $11.85 ¾, while Soybean meal dropped by $4.30 to $337.30 per ton.
Jon Patterson
Jon Patterson
Owner of Patterson Farms in Cayuga County and director of the Northeast Dairy Producers Association.
22.04.2024
Central New York was chosen to host the North American Manure Expo in July 2024. What does that have to do with the Finger Lakes? Everything. Our farmers were identified as industry leaders in sustainability. It is a testament to the environmental stewardship efforts implemented on farms across our region and state.
Ching Yee Lin
Ching Yee Lin
copywriter who focuses on the historical and contemporary issues concerning the Singapore society
18.04.2024
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