date:Apr 29, 2014
against the US dollar, their purchasing power has been reduced.
Class III milk futures, tracking a variety used to make cheese, on April 24 climbed to $24.32 per 100 pounds on the Chicago Mercantile Exchange, the highest for the most-active contract since trading began in January 1996. Prices that surged 26% this year may fall to $18.66 by the fourth quarter, Hunt said, reiterating the banks March forecast.
There will be an orderly easing of dairy prices, not a crash, because China buyers will