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University of Wisconsin economists Bob Cropp and Mark Stephenson expect milk prices in 2020 to be $1 to $1.20 per cwt higher than in 2019. They also note poor forage quality and quantity across Wisconsin and the Northeast, while USDA reported October milk output up 1.3 percent.
Expected higher milk prices improve dairy farm margins, but poor forage quality could raise dairy feed demand for corn silage and other feeds.
proag.comDec 4, 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.
