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Class III and Class IV milk futures for the next 12 months are trading roughly $1.70 to $2.06 per cwt above the past year's average. Global Dairy Trade prices have risen for 11 sessions, and USDA reported the first year-over-year decline in milk supply in six years.
Futures strength and a falling US milk supply point to firmer dairy prices, supporting dairy-sector demand for feed ingredients.
centerfordairyexcellence.orgMay 23, 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.
