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Milk prices are moving lower, with the Class III price forecast near $20 for August after peaking at $25.21 in May. Lower cheese and whey prices pulled Class III down, while higher butter prices partly supported Class IV.
Softer dairy product values reduce the milk price that supports dairy herd feed budgets, which can weaken demand for feed ingredients such as corn and soybean meal from dairy buyers.
en.edairynews.comDesirée JuarezAug 25, 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.
