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The May Federal order Class III milk price was announced at a record $25.21 per cwt, and the April All Milk Price also hit a record $27.10. Futures settlements point to a June Class III price near $24.46, with prices falling to $23.53 by December.
Record milk prices and a strong income over feed cost support dairy herd economics. The futures curve signals some moderation later in the year.
capitalpress.comLEE MIELKEFor the Capital PressJun 7, 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.
