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Class III milk prices peaked at $16.88 in November 2017 and fell to $15.44 in December, with January expected near $13.90. Class IV prices fell from a $16.61 peak in August to $13.51 in December.
Milk production is high and beverage milk sales are declining, leaving stocks elevated.
Projected sharp drops in Class III and IV prices point to bearish US milk prices in early 2018. Weaker dairy returns could reduce demand for dairy feed purchases.
wisfarmer.comJan 26, 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.
