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CoBank economist Tanner Ehmke says US cheese production is rising as new processing capacity comes online through 2023-2025. He expects cheese oversupply to weigh on Class III prices while butter tightness keeps Class IV at a premium.
Expanding cheese capacity points to weaker Class III milk prices ahead, which pressures dairy margins and may reduce demand for dairy feed; the Class III-IV spread also signals shifting dairy value.
brownfieldagnews.comLarry LeeOct 6, 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.
