Loading…
Wisconsin economist Bob Cropp expects Class III milk prices to average higher in 2020 than 2019, about $1.20 to $1.30 above. Milk production and exports are cited as supportive, with dairy exports expected to rise in nonfat dry milk, cheese and whey.
Stronger expected milk prices and rising exports support dairy margins and demand for feed ingredients like corn and soybean meal used in dairy rations.
farmprogress.comFran O'LearyJan 28, 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.
