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Illinois dairy producers earned an average net milk price of $18.72 per 100 pounds in 2019 against total economic costs of $21.34, leaving negative returns. Milk production per cow rose 293 pounds over 2018 and the article projects costs and returns for 2020 and 2021.
Persistent negative margins for dairy producers can slow herd expansion over time, which is a longer-run factor for milk supply and dairy ingredient prices.
farmdocdaily.illinois.eduHongxia JiaoDec 18, 2020After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% over 20.
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.
