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Class III milk fell to $14.00 per cwt. in January, down $1.44 from December and the lowest since June 2016. The Class IV price for January was $13.13, also the lowest since May 2016.
Cash block and barrel cheese prices were softer in the week of January 29.
Lower benchmark milk prices reduce the revenue of dairy producers and signal weaker dairy product demand. Lower milk prices also reduce the cost-to-value of dairy feed rations and may dampen demand for dairy-related feed ingredients.
thefencepost.comLee MielkeFeb 9, 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.
