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US milk prices rose through the fourth quarter of 2021 and into January 2022, with Class III reaching $20.38 and Class IV $23.09. Milk output has fallen below year-ago levels since August as cow numbers declined after last summer's drought raised feed costs.
Lower milk production and tighter cow numbers, caused partly by high feed costs, support higher milk prices. Feed buyers should watch dairy demand for feed as producers respond to the price signal.
cowsmo.comFeb 24, 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.
