February Class News Today

The latest dairy news from the U.S. Capitol.

Where milk prices are headed for the reminder of the year is a big question. The answer seems to change weekly says economist Bob Cropp.

While monthly increases in milk production are expected to slow, milk prices are likely to improve the second half of the year over the first.

Fran O’Leary OPTIMISTIC FUTURES PRICES: Current Class III futures are rather optimistic. Class III is in the low $19s from July through October before dropping to the $18s for November and December. “It will take a combination of lower milk production, strong domestic sales of dairy products and continued strong exports for these prices to materialize,” economist Bob Cropp says. Dairy Outlook: U.S. milk production is 3.3% higher than a year ago. Suggested Event J...

Churns produced a December record of 205.5 million pounds of butter The Agriculture Department announced the January Federal order Class III benchmark milk price at $16.04 per hundredweight. Post to Facebook Churns produced a December record of 205.5 million pounds of butter The Agriculture Department announced the January Federal order Class III benchmark milk price at $16.04 per hundredweight. Check out this story on FarmersAdvance.com: https://www.farmersadvance.com/story/news/2021/02/17/...

Market week in review: Jan. 12 WASDE report generates fallout.

Without demand from the Food Box program, Class III milk futures are at risk of a price correction.