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Dairy markets had a weak week as lower cheese and whey prices pushed Class III prices significantly lower. An industry analyst expected the weakness to persist through early November.
Sustained low Class III prices reduce dairy farm income and milk output incentives over time, which weighs on demand for dairy-related feed. The weakness is expected to continue near term.
rrfn.comDon WickOct 29, 2018Not 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.
Lower cheese and whey prices pushed Class III down and an analyst expected weakness to persist, which reinforced bearish sentiment going into the move.
