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Class III milk futures fell for a fourth straight week to $23.83, pressured by a stronger dollar, a weaker soybean meal market and rising cow numbers. Whey prices are near 2021 lows and butter rose 6.5 cents to $2.7050 per pound.
Heavy dairy inventories and a firmer dollar weigh on milk and whey values, which lowers the price of dairy byproduct feeds.
totalfarmmarketing.comEvan DisherMay 13, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
