Loading…
AgResource analyst Ben Buckner says global milk supplies are beginning to rise slightly after losses from high feed costs and weather. US milk prices have plateaued between $24.50 and $25 per cwt and are expected to stay high through 2022.
Recovering milk supply and a plateau in prices point to easing dairy price momentum. Dry weather and grain issues still keep feed costs high, which limits how far milk output can expand.
farmprogress.comFran O'LearyMay 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.
