While prices for milk have been higher, production is down a bit.
It may be one of the fastest rallies in the history of tracking the milk market. We're talking about the price of Class III milk from April to June.
Naomi Blohm of Total Farm Marketing says Thursday’s milk production report from USDA will be the first challenge these markets face.
Dairy farmers with dairy margin coverage at or about the $6.50 mark will receive a payment for April.
The highest monthly peak mailbox price in 2019 actually came in Minnesota in November, at $22.47.
For the past several weeks milk markets have enjoyed a bit of a rally in prices with Class III moving to pre-COVID-19 levels for prices.
Video of dairy farmers being forced to dump milk due to lack of demand because of the coronavirus may not be an issue for much longer.