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University of Wisconsin economist Bob Cropp forecasts the 2020 Class III milk price averaging about $18, above USDA's $16.95 projection. He expects February Class III to fall below $17 on weaker cheese prices before recovering through 2020.
A stronger Class III price outlook supports dairy margins and feed demand for dairy rations, while the coronavirus-driven drop in Class III futures signals near-term softness in dairy values.
farmprogress.comFran O'LearyFeb 26, 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.
