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The Class III milk price is recovering from a summer low of $13.77/cwt in June, as reported by dairy economist Corey Geiger. Milk solid exports fell nearly 7% year on year, and US dairy cows sent to slaughter rose by 108,000 head over last year through mid-September.
Higher cow culling reduces future milk supply, while weaker exports cap demand; together these support the price recovery and affect feed demand.
en.edairynews.comDamián MoraisOct 17, 2023
farmprogress.comFran O'LearyOct 16, 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.
