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The November Class III milk price was $16.88 per cwt, up 19 cents from October and tying the highest 2017 price. Analysts expect December to fall to about $15.45, and USDA sees the 2018 Class III price averaging as low as $15.50 on forecast production growth of 1.8%.
Expected expansion in U.S. milk output in 2018 points to lower dairy returns, which can reduce dairy herd feed purchases and weigh on milk prices.
leadertelegram.comHeidi Clausen, Regional EditorDec 4, 2017Not 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.
