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Wisconsin dairy economist Bob Cropp forecasts the Class III milk price will climb to about $17 by October after the July figure fell 99 cents to $15.45. He expects August near $16.45 and September-October in the $17 range, citing slower milk production growth and strong butter, cheese and export demand.
Slower milk output growth combined with firm domestic and export demand supports higher Class III milk prices into autumn, which raises dairy-based feed costs and supports demand for dairy-linked feed ingredients.
farmprogress.comFran O'LearyAug 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.
