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Wisconsin dairy farmer Hans Breitenmoser says rising input costs, especially diesel, are outpacing USDA-set milk prices. The base Class I price for November rose to $20.27.
Wisconsin Farmers Union president Darin Von Ruden called the squeeze a man-made problem and urged farmers to vote.
Rising diesel and feed costs against modest milk prices pressure dairy margins, which can reduce herd sizes and eventually lower feed demand. The Class I increase gives only a small offset to these costs.
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.