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Class III dairy futures are up about 40% in 2019 and commodity milk prices have hit five-year highs despite lower US milk consumption. The rally eases pressure on dairy farmers in Wisconsin and Minnesota after a wave of farm closures.
Higher Class III and cheese prices improve milk revenue and can support herd retention and dairy feed demand, though the article notes the recovery came after years of glut and export disruption.
farmprogress.comBloombergNov 5, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Coverage of five-year-high commodity milk prices and a 40% yearly futures rally reflects the momentum and sentiment behind the move.
