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The National Milk Producers Federation's chief economist forecasts an all-milk price near $23 per hundredweight for 2022, the highest in eight years. The forecast reflects a sharp drop in U.S. milk production growth and falling cow numbers.
A tight milk supply and strong product price outlook point to higher dairy farm milk prices and steady demand for dairy-related feed.
capitalpress.comStaff ReportsJan 11, 2022After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% 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.
