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Iowa State extension data show the Central Order 2023 weighted average statistical uniform price fell 26.6% to $18.27/cwt from 2022. Butterfat, protein and other solids prices all declined from the prior year.
The 2023 price decline reflects weaker component values, which lowers dairy farm income and cuts into feed budgets.
blogs.extension.iastate.eduFeb 1, 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.
