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RaboResearch's lead dairy economist says milk prices paid to farmers for Class III and IV milk have dipped into the $18 range and will likely keep falling for now. He notes U.S. milk supply has returned to growth over recent months while farm costs remain high.
Rising milk supply against softer demand pushes dairy prices lower, squeezing margins for dairy producers and reducing the milk price outlook for buyers of dairy-based feed byproducts.
brownfieldagnews.comLarry LeeJan 25, 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.
