Loading…
Dairy margins improved in August as block and barrel cheese prices reached their highest since October 2022 after a drop in cheddar production. Butter and butterfat levels are at record highs, and USDA's August WASDE lowered soybean meal prices, which may ease feed costs.
Firmer milk and cheese prices combined with lower soybean meal costs improve dairy feed economics and support milk values.
highgrounddairy.comMarket Intel TeamAug 5, 2024Not 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.
