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A StoneX dairy economist said 2022 set record milk prices across Class I, II, III and IV and farmgate levels. Margins held up in the first half, but a roughly $5 drop in milk prices in the second half and persistently high feed costs are pressuring margins into early 2023.
High feed costs combined with falling milk prices reduce dairy producer margins, which can limit herd expansion and future demand for feed ingredients.
brownfieldagnews.comNicole HeslipDec 29, 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.
