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Friday’s Class III jump might not be much to get excited about 

A market advisor says Friday’s near-month gains in the Class III futures market might not be something for farmers to get excited about. 

Katie Burgess from Ever.ag tells Brownfield the mixture of some new cheese export news and more activity on the spot market might have prompted Friday’s 40-to-53 cent jumps in Class III prices. “I think part of today’s jump could just be that we have lost a lot of ground over the past few weeks, so it could be a bit of a recalibration there.” 

Burgess says the thing to remember is even with the Friday price increase, the Class III prices are still not very strong.  “It’s definitely better to see better numbers, but I don’t know that the story has fundamentally changed. We’re still within the trading range that we’ve been in for quite a while now. We just moved from the low end of the trading range to the middle of the trading range.” 

And, she says every new day on the market can still make prices go up or down, so it’s impossible to know if these gains will last. 

AUDIO: Katie Burgess at Ever.ag discusses Friday’s Class III price gains with Brownfield’s Larry Lee