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Dairy economists note that US Class III milk prices for the rest of 2022 are above $22 per cwt despite high input costs. Historically, record Class III highs have been followed by significant price declines, with a median drop of $8.82 per cwt roughly 14 months after a peak.
The historical pattern points to a possible future fall in milk prices, which would reduce dairy farmers' feed purchasing power.
hoards.comKevin Bernhardt, CenterMay 30, 2022Not 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.
