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An EDairy News column says dairy prices have fallen to levels not seen months ago, with Class III at its lowest since Q2 2020. Milk checks in Southwest and California areas are below production costs due to high feed purchases and higher culling.
Regions that buy more feed face margin squeezes and higher culling, which reduces feed demand in those areas. Persistent low milk prices weigh on dairy-sector feed spending.
en.edairynews.comDamián MoraisJul 26, 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.
