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University of Wisconsin economists Bob Cropp and Mark Stephenson forecast the 2020 Class III milk price averaging about $18 or higher. The 2019 Class III average was $16.96, and the November 2019 price reached $20.45, the highest since 2014.
Expectations of tighter world dairy stocks support higher milk prices in 2020, which can improve dairy producers' ability to buy feed.
farmprogress.comFran O'LearyJan 2, 2020
proag.comJan 2, 2020Not 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.
