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Dairy farmers are expanding milk output despite higher feed costs, as Class III futures near $22 per hundredweight for the next 12 months. An economist warns that rising fertilizer, interest and other non-feed input costs could restrain farm profitability.
Higher feed and input costs weigh on dairy margins, and farms that buy feed face more pressure than those growing their own. Firm milk prices sustain demand for feed grains.
capitalpress.comCAROL RYAN DUMASCapital PressMar 1, 2022After 20 past bullish macro events, Milk (Class III) moved a median +0.1% over 5 sessions (55% higher; middle half -0.1% to +2.4%), and +2.4% over 20.
After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
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.
