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Class III milk futures have fallen nearly $3 per cwt over six months, and spot cheddar barrels slipped to their lowest since May 2016. UW economist Bob Cropp expects milk flow growth of 1.7% and prices averaging well below 2017.
Persistent oversupply in world dairy and weak cheese prices point to continued pressure on milk prices and dairy producer margins.
hoards.comCorey GeigerJan 22, 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.
