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University of Wisconsin economists question whether Class III futures near $17.50 per hundredweight for February through April can hold. U.S. milk output rose about 3% year over year in November, with cow numbers up 62,000 head.
Rapid expansion in milk output and cow numbers points to ample supply that could pressure milk prices below current futures levels. Analysts see the first half of 2021 as over-optimistic.
en.edairynews.comDamián MoraisJan 4, 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.
