Loading…
Class III milk contracts are trading above $22 per cwt, well above the typical $13 to $16 range of the past decade. The article attributes elevated prices to supply disruptions, weather, demand, global markets and inflation, and urges farmers to consider hedging.
Elevated Class III levels raise farm milk revenue and hedging demand, but are high relative to history and could be vulnerable to correction.
thebullvine.comAndrew HuntSep 5, 2024Not 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.
