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Cropp, a University of Wisconsin dairy economist, projects the October Class III milk price at about $21.40, near the October record set in 2014. Cheese and dry whey prices have risen, with CME 40-pound cheddar blocks at $2.74 as of Oct.
20 and dry whey at 38 cents. He expects 2020 Class III to average about $18.
Higher cheese and whey values lift the Class III milk price, which supports dairy-sector feed demand and dairy margins. Strong dairy prices can encourage herd retention and higher milk output over time.
farmprogress.comFran O'LearyOct 26, 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.
