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Class III milk prices have risen over the past month, with the main gains expected between July and November. Class IV prices fell since mid-June as butter and powder stocks weigh on the market.
US dairy exports in May reached their highest level in over two years, led by record powder shipments.
Expected tightness in milk supply and strong export demand support dairy prices, while heavy butter and powder stocks weigh on Class IV. Dairy feed byproduct demand may be affected by these shifts in milk output.
centerfordairyexcellence.orgJul 17, 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.
