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Class III futures for January to June 2023 slid from a $20 average to $19.10 per hundredweight before Christmas. Class IV held near $19.95 for the first half of 2023.
USDA projected a $22.70 all-milk price and $19.80 Class III for 2023.
Lower forward Class III futures signal weaker expected milk prices in early 2023, while USDA's forecasts offer some support.
hoards.comCorey GeigerDec 28, 2022Not 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.
