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April 2017 U.S. average milk price fell 80 cents from March to $16.50 per cwt, the lowest since October, though still above year-earlier levels. Feed costs were steady, with corn at $3.43 per bushel and soybean meal at $305.67 per ton, while alfalfa hay rose.
Lower milk prices squeeze dairy margins, which can reduce herd expansion and feed purchases over time; the summer heat stress outlook points to lower milk output ahead.
agproud.comDave NatzkeJun 7, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
