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University of Wisconsin dairy economist Mark Stephenson says dairy markets continue to soften, with Class III falling from around $20 in May to below $16.50. He attributes the decline to strong US milk production growth and ample product inventories that leave buyers waiting.
Robust milk output and buyer hesitation point to continued downward pressure on Class III milk prices, weakening dairy feed demand outlook.
brownfieldagnews.comLarry LeeAug 3, 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.
