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A dairy market podcast discusses chronically high milk supplies and a widening block-barrel spread. Class III prices are near $14, and Class I and fluid milk sales are weak even as exports remain strong.
Excess milk supply and weak Class III prices reduce returns for dairy farmers. Reduced milk output would be needed to lift prices, so the outlook for dairy-based feed demand stays soft.
jacoby.comNov 1, 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.
