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The Ohio State Buckeye Dairy News reports Class III futures for July at $16.13 and August at $17.37, with milk prices rising. Production in 24 major states is nearly flat with 2018, while product sales and exports grow.
Some economists suggest Class III could exceed $18 before year-end.
Demand-driven milk price gains with flat supply support dairy margins and the value of dairy-related feedstuffs, though the feed cost outlook depends on forage supply.
dairy.osu.eduJul 31, 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.
