Loading…
The Class IV milk price hit a record $24.82 per cwt in March 2022 and the Class III price rose to $22.45, its highest since November 2020. Butterfat, protein and nonfat solids values all climbed during the month.
Rising component values lift dairy revenue and encourage milk production, though high feed costs have constrained herds. Strong milk prices support demand for dairy-related feed inputs.
agproud.comDave NatzkeApr 1, 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.
