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Hoard's dairy outlook projects an October Class III price near $16.60, up about $0.30 from September, as higher cheese prices offset lower dry whey. It expects Class IV to fall to about $14.90 as nonfat dry milk drops to its lowest level since April 2016.
Higher Class III and lower Class IV prices shift the milk price mix, which affects dairy-side feed demand and the outlook for by-product feeds. Analysts expect Class III to stay in the $16 range into 2018.
hoards.comOct 20, 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.
