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The Class III milk price fell more than $1.60 as cheese and dry whey prices weakened from early May levels, with Class III expected near $17.25 in June versus $18.96 in May. Milk production was up 4.6% year over year in May, and cow numbers continue to climb.
Heavy milk output and weaker cheese prices are pressuring dairy returns, which points to softer demand for dairy-based feed ingredients.
spotoncalifornia.comJun 30, 2021
farmprogress.comFran O'LearyJun 30, 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.
