Class III milk markets were higher again on Tuesday.
Here’s a visualization of feed price, farmers’ milk payments and retail price.
There are a few factors indicating good support under the market. However, caution still needs to be exercised. Current futures contracts do not indicate long-term support.
In the aggregate, prices were up 3.7% and volume remained heavy.
Set clear expectations and accountability for fruitful family governance.
The dairy industry and other members of the agriculture industry might see a glimmer of light at the end of what’s been a long legislative tunnel for labor reform, thanks to the Farm Workforce Modernization Act.
Farm income will total $88 billion in 2019, according to the USDA.
Class III milk futures turned in another solid round of trade Wednesday jumping 29 cents in November and 38 cents in December.
