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Processors in the Plains states have bought spot milk at up to $10/cwt below class price for seven straight weeks. Analysts link the glut to strong output growth in Texas, South Dakota, Iowa and Kansas, plus a Midwestern cheese plant outage.
Chronic oversupply and deep spot discounts point to weak milk prices ahead, reducing dairy-related feed demand.
dairyherd.comFran HowardFeb 9, 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.
