Loading…
Milk prices continue to slide, with Class III futures for the last six months of 2021 averaging $17.15 per cwt, down more than $1 from their spring peak. Class IV prices for the same period average $16.06 per cwt, down nearly 50 cents from their peak.
Lower forward milk prices reduce farm revenue expectations and signal weak dairy product demand relative to supply, which pressures dairy feed buying budgets.
centerfordairyexcellence.orgJul 20, 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.
