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The National Milk Producers Federation's chief economist expects the 2022 all-milk price average to be about $25.70 per cwt, nearly two dollars above the 2014 record. Monthly prices set records in March, April and May as feed costs and inputs pushed prices higher.
Retail cheese and butter prices have risen sharply from a year earlier.
High feed and input costs are lifting milk prices, which keeps dairy demand for feed firm. Producers are not expanding quickly, so tight milk supply supports prices.
kmch.comDani BurkeOct 6, 2022Not 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.
