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The Daily Dairy Report's Sarina Sharp notes futures point to Class III and Class IV milk averaging about $22.30/cwt in Q4 2024. US dairy heifer inventories are at multi-decade lows, and producers have lowered cull rates, so milk output growth will be gradual.
Heifer shortages limit near-term milk supply growth, keeping dairy prices firm and supporting feed demand from dairy herds.
hoards.comSarina SharpSep 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.
