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USDA says slightly higher milk prices and relatively low feed costs could mean better dairy margins next year. USDA projects the 2019 all-milk price to rise 75 cents to $16.95 per hundredweight, while milk production is forecast to rise by three billion pounds.
A USDA forecast of higher milk prices and cheap feed supports stronger dairy herd demand for feed in 2019.
brownfieldagnews.comNicole HeslipAug 20, 2018After 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.
