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Class III milk prices have remained resilient despite a recent drop in cheese markets. Ever.Ag's Mike North attributed seasonal peaks from late September into early November to lower components, reduced production from bird flu, and back-to-school demand.
Seasonal strength and reduced milk output support dairy prices into the fall, which can sustain dairy producers' feed purchasing. Strong beef prices and an aging cow herd are keeping production constrained.
rrfn.comDon WickOct 3, 2024Not 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.
