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Class III milk futures keep falling, with Class III averaging $18.52 in April, $16.11 in May and possibly below $16 in June. Cheddar block and barrel prices have dropped sharply from earlier in the year and dry whey has fallen to 26.75 cents per pound.
Milk output is ample and some Midwest plants are struggling to process it.
Persistently weak dairy product prices reduce farm revenue and feed purchasing, pressuring demand for dairy-linked feed inputs.
wisfarmer.comBob CroppJun 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.
