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Bob Cropp says milk prices improved in 2019 with Class III averaging $16.96, up from 2018, and expects continued improvement. He attributes gains to slower production growth and higher cheese sales, while noting ongoing trade-war and African swine fever effects on whey exports.
Improving milk prices support dairy producer profitability and herd feed purchases, with trade disruptions weighing on whey and dairy export demand.
hoards.comBob CroppFeb 10, 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.
