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Class III milk was $15.95 in August and $16.36 in September, with October expected near $17.80 as CME cheese, dry whey and nonfat dry milk prices climbed. Milk production growth slowed through the summer, with September up just 0.2% year over year.
Rising cheese, whey and nonfat dry milk prices plus slowing milk output support higher dairy prices, which can raise dairy byproduct values used in feed.
en.edairynews.comDamián MoraisOct 22, 2021Not 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.
