Loading…
University of Wisconsin dairy economist Bob Cropp expects Class III milk prices to rise above USDA's forecast, which projects a September peak near $17.80 before easing toward $17 by December. Class III rose from a February low of $13.89 to $17.55 in July.
Below-year-ago milk output combined with strong seasonal cheese and butter demand and school milk demand supports higher Class III prices, which feed directly into dairy feed demand and cull-cow and heifer economics.
farmprogress.comFran O'LearyAug 26, 2019Not 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.
