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Ever.ag analysts said their May 2024 dairy forecast lowers near-term cheese and whey values in the Class III complex by a few cents and cuts nonfat dry milk forecasts by up to a dime. They raised their butter forecast for individual months in 2024 by 15 to 25 cents.
Lower cheese, whey and nonfat dry milk expectations point to softer dairy byproduct values, while the stronger butter outlook supports higher butterfat returns. The net effect on milk prices is mixed and modest.
insights.ever.agjorge.romeroMay 8, 2024Not 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.
