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US dairy farmers saw little year-end price gain, with October's average milk price at $17.90 per cwt, up 10 cents from September. Income over feed cost margins were roughly flat as higher soybean meal and hay prices offset milk gains.
Higher soybean meal costs squeeze dairy feed margins and may limit farmers' feed purchasing. Milk prices are steady, so the net effect on dairy demand is modest.
agproud.comDave NatzkeDec 6, 2017Not enough comparable past events yet for a historical read.
Not 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.
