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Ever Ag Marketing analyst Jenny Wackershauser says dairy cattle and Class III milk prices are holding strong because tight cattle supplies, driven by dairy cows being bred to beef, have limited dairy heifer replacements. Demand is rising as more processing capacity comes online, and the market is moving toward balanced to tight conditions not seen since about 2018.
Tight dairy herd supplies and firm milk prices support demand for dairy-linked feed and suggest higher cattle and milk price levels ahead, which affects feed buyers planning for dairy rations.
rrfn.comAshley LannenAug 29, 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.
