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Wisconsin dairy economist reports Class III milk prices are trending lower in August, with the August Class III price near $16.00 after falling from $18.96 in May. Cheddar barrels, 40-pound blocks and dry whey all declined from mid-July, while exports remain strong.
Lower cheese and whey values pull Class III milk down, though expectations of a rebound into the $17s by September support some recovery in dairy feed demand and pricing.
en.edairynews.comDesirée JuarezAug 23, 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.
