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Futures markets are estimating Class III milk will reach about $18/cwt by May or June and hold that range for several months. University of Wisconsin economists said margins are tightening as milk output grows and corn and soybean prices have climbed.
Rising feed costs and expanding milk supply pull in opposite directions, so the price outlook depends on whether exports can absorb the extra milk. Higher corn prices add cost pressure for dairy feeders.
en.edairynews.comDamián MoraisMar 29, 2021Not enough comparable past events yet for a historical read.
Not 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.
