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US mailbox milk prices hit a record $24.64 per hundredweight in 2022, beating the 2014 high by 60 cents. Feed costs rose sharply during 2022, with corn up 29% and soybean meal up 44% year on year by October.
Record dairy returns in 2022 drove strong feed demand, but the article covers past conditions rather than new price drivers. It gives context for current dairy feed purchasing.
hoards.comCorey GeigerApr 3, 2023After 136 past neutral report events, MILK moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% over 20.
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.
