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Wisconsin milk production in January and February ran more than 2% above 2016, and cheese stocks in February were 6% above last year and nearly 18% above 2015. Professor Bob Cropp expects milk prices to fall toward about $15 per hundredweight in the coming months as spring output rises.
Heavy milk output and cheese inventories are building faster than sales, which weighs on Class III and cheese prices and lowers the cost of dairy-based feed ingredients.
wpr.orgHope KirwanMar 22, 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.
