Loading…
AgResource analyst Ben Buckner expects Class III milk to stay between $16.50 and $17 into September. He says the US cheese market looks cheap versus global markets and could see prices rise in October as exports pick up.
Dairy cow slaughter may run 8% to 10% higher than last year due to strong beef demand.
Weak cheese prices and an oversupplied global milk market point to lower dairy income and possibly reduced feed demand from dairy herds. A recovery in cheese exports later in the year could firm milk prices.
farmprogress.comFran O'LearyJul 17, 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.
