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An economist expects the 2017 Class III milk average to improve toward $16, with the November Class III possibly near $16.75 after cheese prices strengthened. Cheese prices were volatile through 2016, with block cheddar falling to $1.3174 in May before rebounding.
A forecast of firmer Class III prices in 2017 points to better dairy income and somewhat stronger demand for feed from dairy producers.
farmanddairy.comRobert CroppDec 1, 2016Not 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.
