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Cheese and dry whey prices fell in June from early May levels, while butter rose slightly. The June Class III price is expected near $17.25 and Class IV near $16.45.
US milk output was up 3.5% in April and 4.6% in May.
Rising milk production is pressuring milk prices lower through the summer, with weaker cheese and whey values reducing dairy-linked demand for feed inputs.
dairyproducer.comJeff DayJul 6, 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.
