← Back

Class III Milk

CME Class III milk futures are priced in USD and serve as the US dairy benchmark. They are based on milk used for cheese production.

Price · split & dividend adjusted
News & notes moving DAIRY.COMM
United StatesCanada
DAIRY.COMM▼

US Bans Imports of Some Canadian Alcohol and Dairy Products

The Trump administration announced on the 29th that it will ban imports of certain Canadian alcoholic beverages and dairy products. The report came from Jiji Press in Washington, as trade friction between the two countries intensifies further. Details such as the specific items subject to the ban and the timing of its implementation have not been disclosed.
DAIRY · Tariff · Negative US ban on imports of certain Canadian dairy products reduces demand for Canadian milk, pressuring Class III Milk prices.
Read original ↗
Jiji Press·6dRead more →
United States
DAIRY.COMM▼

Foremost Farms to close Wisconsin cheese plant

US dairy cooperative Foremost Farms is closing its Marshfield cheese manufacturing site in Wisconsin in December, resulting in the loss of 68 jobs. The co-op, which represents farmers in seven states, will also discontinue production of 40lb block cheese as part of a strategic realignment to meet evolving market demands. President and CEO Brenda Dehart said the decision was based solely on changing market conditions and long-term needs of the cooperative. The closure comes despite the US dairy industry investing $13bn in new and expanded manufacturing capacity across 19 states, according to the International Dairy Foods Association, which projects the industry will process 15 billion more pounds of milk by 2030. Foremost Farms also operates other plants in Wisconsin and Michigan, and its Marshfield facility dates to the 1950s.
Foremost Farms · Supply · Negative Foremost Farms is closing its Marshfield cheese plant, cutting 68 jobs and discontinuing 40lb block cheese production in a strategic realignment.
DAIRY · Supply · Negative Foremost Farms closing its Marshfield cheese plant and discontinuing 40lb block cheese cuts milk processing capacity, reducing demand for Class III milk.
Read original ↗
Just Food·34dRead more →