Loading…
Feed costs are pressuring dairy margins as December corn broke above $6/bu for new crop and July corn reached $7.08 1/2, levels not seen since 2013. Soybean meal gained $2.90 to $424.40/ton, and November soybeans rose to $13.82 3/4/bu.
Rising corn and soybean meal prices raise feed rations' costs for dairy and livestock buyers and support grain and meal values, while milk prices have not kept pace.
en.edairynews.comDesirée JuarezMay 6, 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.
