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Cheddar barrel and block cheese prices rose above $2/lb in October, and butter hit a record $3.2675/lb. Class III is forecast near $21.80 for October and Class IV near $24.80, though analysts expect butter and cheese to ease once holiday stock-building ends.
Strong butter and cheese prices lift milk class prices and farm income, but expected easing after holiday buying points to softer dairy values ahead.
wisfarmer.comOct 24, 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.
