Loading…
Compeer Financial's dairy director says milk futures may be near a peak, with June Class III around $20 per cwt. He expects milk production to respond to higher prices as cutbacks come off, and he would not be surprised by a pullback.
He sees Class III in the $16 to $17 range by fall.
Expected production recovery and a possible pullback point to lower milk futures ahead, which would reduce the cost of dairy feed inputs such as milk replacer.
brownfieldagnews.comMark DorenkampJun 4, 2020Not 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.
Confirms June Class III near $20 and discusses sentiment about a peak, reflecting the extreme level reached.
