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Dairy Producer reports that US all-milk prices hit a record $25.90/cwt in March, and class prices rose 33% to 59% between May 2021 and May 2022. Recent price reports have shown stable to slightly lower prices.
The article also notes the national dairy herd recovered slightly to 9.405 million head in May, in line with the five-year average.
Prices have stopped climbing and the herd is recovering, which points to softer milk prices ahead even as high operating costs squeeze producer margins.
dairyproducer.comJeff DayJul 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.
