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Dairy economist Bob Cropp reviews four years of low milk prices, noting the 2018 Class III cheese average of $14.61 and Class IV average of $14.20. He says the industry will keep consolidating into fewer, larger herds regardless of price.
Persistently low milk prices are accelerating herd exits, which over time tightens milk supply and could support prices. The outlook is a slow, gradual recovery rather than a sharp move.
hoards.comBob CroppFeb 6, 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.
