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Class III milk contracts strengthened in March while Class IV softened on the CME. Spot corn, soybeans and soybean meal also declined over March 1 to March 23, and DFA's economist said 2023 milk prices could still be the third highest on record.
Softer feed grain and meal prices lower input costs for dairy producers, while lower milk prices in spring squeeze farm margins and can reduce feed demand.
hoards.comCorey GeigerApr 4, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
