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Wisconsin Agriculturist reports that May Class III milk is projected to be about $2.75 higher than a year earlier, around $15.60 versus $12.76. A University of Wisconsin economist expects milk prices to keep improving as world dairy supply tightens, with EU, New Zealand, Australia and Argentina output below year-ago levels and Chinese buying strong.
U.S. milk production is up about 2 percent year over year.
Tighter world milk supply and firm export demand support higher U.S. dairy prices, provided domestic milk output growth stays near 2 percent.
farmprogress.comFran O'LearyMay 30, 2017Not 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.
