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Class III milk averaged $16.20/cwt in 2017, with the November futures near $16.41/cwt. The newsletter expects Class III to fall below $16/cwt in 2018 as global milk production rises.
Expected growth in global milk supply points to lower dairy prices and tighter margins for feed-buying producers.
dairy.osu.eduNov 29, 2017Not 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.
