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Co-Bank economist Corey Geiger says 2024 could be the third-best milk price year on record, with Class III inverted relative to Class IV. He notes interest rates have roughly doubled over three years, while feed costs have fallen, with corn near $4 and soybeans down comparably.
Strong milk prices alongside lower corn and soybean costs improve dairy producers' margins, supporting herd retention and continued feed demand.
farmers-exchange.netJul 19, 2024Not enough comparable past events yet for a historical read.
Not 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.
