Loading…
Hoard's outlook says Class III is expected near $16.30 in June and Class IV near $16.80, up from February and January lows. US milk output is roughly flat as cow numbers fall 0.9% year over year and culling rises 5%.
A shrinking herd lowers milk output and supports higher dairy prices, which typically means fewer cows and lower dairy feed demand over time.
hoards.comAre Your Replacement Heifers on Track?Jun 19, 2019After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.
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.
