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Class III milk fell from $17.05 in January to $12.14 in May and is expected to exceed $20 in June. Class IV fell to $10.67 in May and is seen near $13.35 in June, as pandemic demand shifts, dairy cooperative base-excess plans and government food box purchases tightened supply.
Tighter supply and rebounding retail and foodservice demand are lifting milk prices sharply, though volatility remains high for dairy feed buyers and producers.
wisfarmer.comBob CroppJun 19, 2020wisfarmer.comJohn NewtonJun 30, 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.
