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Class III milk and cheese prices remain very strong, according to market analyst Brandon Weigel of Ever Ag. He cites a smaller US cow inventory and HPAI/bird flu disrupting production, and encourages dairy farmers to lock in prices above $24 for November and strong Q1 values.
Tight milk and cheese supply supports Class III values, so producers have a price-protection opportunity; for feed buyers, firm dairy margins can support dairy herd feed demand.
rrfn.comDon WickSep 23, 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.
