Loading…
A Penn State-linked dairy outlook projects Pennsylvania All Milk Prices of $18-$19/cwt for the first half of 2019, possibly $17-$18 given narrowing gaps to Class III. It reports the US dairy herd was 13,000 head smaller in September year-over-year while milk output rose 1.5% on higher productivity, and cow prices fell 24%.
Rising productivity against a shrinking herd keeps milk supply ample, so modest price recovery is expected but margins stay tight, limiting dairy feed demand growth.
thebullvine.comNov 28, 2018Not 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.
