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Penn State's November Dairy Outlook projects 2018 Class III futures between $15.35 and $16.14 and Class IV between $14.11 and $15.40 for January through August. Extension advisers say Pennsylvania producers need production costs below $17.50 per cwt to cash flow.
Sideways milk price projections and tight producer margins point to subdued dairy herd expansion and modest demand for dairy feed ingredients.
farmprogress.comNov 29, 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.
