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University of Wisconsin professor emeritus Bob Cropp expects May 2018 dairy product prices to be higher than April if current levels hold, with Class III near $15.25 versus $14.47 in April. Good domestic sales and record March dairy exports have tightened stocks, though higher feed costs may offset margin gains.
Rising butter, cheese and powder prices lift the milk price outlook, but higher feed costs could limit producer margins and dairy-feed demand.
feedstuffs.comKrissa Welshans 1May 21, 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.
