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Wisconsin economist Bob Cropp forecasts the 2017 Class III milk price will average about $16.25, versus $14.87 in 2016. Higher cheese prices offset lower dry whey, and October Class III was near $16.60.
A steady Class III forecast in the $16s with 2018 prices expected similar suggests stable dairy margins and limited near-term pressure on dairy feed demand.
farmprogress.comFran O'LearyNov 1, 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.
