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Economist Dan Basse said milk prices are near their 2023 seasonal low and expects Class III to rise from late June, peaking at $20 to $20.50/cwt by late summer. He cited strong US cheese demand at record levels and softer butter, whey and skim exports.
A forecast recovery in Class III milk later in the year would support dairy margins and could modestly lift dairy herd feed demand into summer.
farmprogress.comFran O'LearyMay 15, 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.
