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Ohio State Extension's monthly review puts the Class III milk futures price for June at $24.34/cwt, with July at $24.47/cwt. May Class III closed at $24.42/cwt, and protein prices have risen above butterfat.
Nutrient costs for energy, protein and fiber are running well above their five-year averages.
Higher protein and nutrient costs squeeze dairy margins, while firm Class III futures support milk prices. Feed buyers should expect elevated cost of rations into summer.
dairyproducer.comTanya EadieJun 16, 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.
