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The Class III futures for August were $20.67/cwt and September $20.21/cwt, both lower than earlier in the year. Metabolizable protein prices fell about 13% since May, while net energy for lactation rose slightly.
Ohio State's income over nutrient cost estimates were about $15.70 to $16.28/cwt for cows producing 70 to 85 lb/day.
Falling milk futures and lower protein nutrient costs change feed-to-milk margins, which affects how dairy producers buy protein and energy feeds. Lower milk prices squeeze producer income even as some feed costs ease.
dairyproducer.comTanya EadieAug 4, 2022Not 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.
