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Analysis compares US dairy futures for 2021 with the 2018 to 2020 averages, finding cheese averages $1.85 per pound, slightly below 2020 but above 2018 and 2019. It also examines the wide Class III and Class IV spread and the Class IV skim milk price's growing role in the Class I formula.
Futures pricing for cheese and the milk classes signals a 2021 milk price roughly in line with recent years, with the class spread affecting regional returns.
en.edairynews.comDamián MoraisJan 11, 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.
