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Class III milk prices are tracking to their lowest levels since 2020 as cheese and dry whey prices fall to pandemic-era lows. The author argues that supply growth is muted, so the decline is driven by demand and other factors rather than oversupply.
Weak dairy product prices and falling farm margins point to reduced dairy feed demand and pressure on producers' feed purchasing.
hoards.comMatt GouldJun 7, 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.
