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Dairy economists predict milk prices will recover to around $16 for November and December despite record US milk production. The Class III price was $14.82 in October after rising steadily since May.
Storage of cheese and butter remains a point of uncertainty.
Expected firmer milk prices with exports absorbing extra supply support dairy income, while large cheese and butter stocks cap upside.
wpr.orgHope KirwanNov 3, 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.
