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Ohio State University's dairy feed analysis reports Class III milk futures for October at $16.83/cwt and November at $17.02/cwt, after August closing at $17.19/cwt. It also compares feedstuff prices and nutrient costs and calculates a new corn silage price as harvest winds down in Ohio.
Feed cost versus milk price determines dairy margins and the demand for feed ingredients; the article describes routine price levels rather than a new shock.
dairyproducer.comTanya EadieOct 30, 2023dairyproducer.comTanya EadieOct 30, 2023Not 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.
