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Class III milk futures averaged $14.73 per cwt at the end of April but rebounded to $17.14 by June 30, with June and July Class III forecasts above $20. The column discusses how long these higher prices will last and how quickly they will reach farm milk checks.
A firm Class III futures curve signals higher farm-gate milk prices in the near term, supporting dairy feed demand and dairy cow feeding budgets.
centerfordairyexcellence.orgJul 21, 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.
