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Analysts expect December to be the highest US milk price of 2016, with a December Class III price of $17.30 possibly the highest since December 2014. Class III futures have moved from a discount to a premium over recent weeks.
Expected peak December milk prices support dairy producer margins and feed buying in the near term, though historical patterns suggest prices may fall early in 2017.
farmersweekly.co.nzGuest writerDec 21, 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.
