There is almost two-fold difference in the total economic cost of producing milk between the nation’s smallest and largest dairy farms.…
The reason this time is the historically large gap between Class III and IV prices.
Class III milk futures fell sharply as spot cheese was slightly lower.
Cow numbers are coming down, however, after peaking in March.
September Class III milk gained 63 to $21.36 per cwt.
It was a modest trading day with just under 24,000 metric tons changing hands.
Class III milk prices roared back higher after some softness early in Monday’s session.
Producer Price Differentials, over time, are mathematically neutral.
Proceeds from the event will go to the National 4-H Council’s FOURWARD Fund.
Falling sales of high-protein whey products sends liquid whey to driers.