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In your September 25 issue . . . BOTH STRONG DEMAND AND SHORT SUPPLIES have been driving butter values heading into the fall baking season, which is the time that typically posts the strongest sa,Dairy News
Predicting future milk prices has become a precarious endeavor as of late. This holds true in both the United States and New Zealand.Since its opening forecast of a $9 midpoint per kilogram of milk so,Hoard's Dairyman Intel - Thursday
Weak cheese prices, rising input costs blamed for fall in milk price outlook.
By Lee Mielke The Agriculture Department announced the November federal order Class III milk price at $23.34 per hundredweight, up $1.73 from October, $2.89 above November 2019, and the highest Class III since July. The 2020 Class III average stands at $18.39, up from $16.74 at this time a year ago and $14.69 in 2018. The December Class III futures contract settled Dec. 11 at $15.35, which would portend an $18.13 average for 2020. The Class IV price is $13.30, down 17 cents from October and $3.30 below a year ago. That put the 11-month average at $13.50, down from $16.26 a year ago and compar...