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Milk futures and underlying cash prices have weakened since a spike on July 14, with barrel cheese and Class III futures reaching new lows. The article notes that anticipated drought-driven feed cost increases and stronger demand have not yet lifted milk prices.
Weak milk prices despite expected feed cost increases highlight margin pressure on dairy producers, which could eventually trim herd size and dairy feed demand.
dairyherd.comRobin SchmahlJul 28, 2021Not enough comparable past events yet for a historical read.
Not 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.
