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Washington Dairygrams reported that February-June Class III futures slipped from $18.65 to $18.25 and Class IV contracts fell by 45 cents in early February. Spot corn rose from $6.70 to $6.80 per bushel, and CME soybean meal rose from $465 to $492 per ton from early January to early February.
Softer dairy futures signal weaker milk prices, while firmer corn and soymeal raise feed costs for dairy operations. Feed buyers face higher input prices alongside weaker dairy income.
hoards.comCorey GeigerFeb 8, 2023Not enough comparable past events yet for a historical read.
Not 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.
