Loading…
An Ohio State University extension update reported the October Class III milk closing price at $16.84/cwt and listed December Class III futures at $16.18 and January 2024 at $16.38. The piece also discussed protein and butterfat prices for feeding decisions.
Futures levels near $16 signal weak milk prices, which pressure dairy farm budgets and feed purchasing decisions.
u.osu.eduPressley Buurma atDec 4, 2023Not 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.
