
HighGround Dairy reports Class III and IV futures fell over the past month as butter, cheese and dry whey futures declined, with butter futures dropping double digits. Feed costs fell significantly, and favorable weather points to large corn and soybean harvests.
Lower dairy product prices and expected large grain harvests point to cheaper feed ingredients, though weaker milk values reduce dairy farmers' feed budgets.
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.