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A Wisconsin meat market analyst does not expect the recent drop in milk futures to trigger significant dairy cow culling, since Class III prices remain high at about $27 per hundredweight. Demand for ground beef is strong, so he does not expect a major negative impact on the beef market even if some cows are sold.
Limited culling means dairy cow supply stays firm in the near term, so milk supply does not tighten or loosen sharply from this factor, and beef prices are not expected to be pressured by cow marketings.
brownfieldagnews.comLarry LeeJul 6, 2022Not 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.
