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Dairy Margin Coverage margin was $10.89 per cwt in November 2022 as feed costs fell for a fourth month. Futures data show Class III milk prices falling faster than feed costs, suggesting margins may slip in 2023.
Falling milk prices relative to feed costs squeeze dairy margins and can reduce dairy herd feed purchases. Lower corn and soybean meal costs have partly offset the decline.
hoards.comCorey GeigerJan 5, 2023Not enough comparable past events yet for a historical read.
Not 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.
