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Hoard's Dairy Situation and Outlook reports that forecast milk prices for the rest of 2017 have softened. The September Class III price is expected near $16.25, and a cheese rally would be needed for gains from October to December.
Weaker cheese, whey and butter prices lower expected milk returns, and higher production and stocks keep the pressure on. Feed buyers should expect dairy demand for feed to stay soft.
hoards.comInterPuls acquires ADFSep 18, 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.
