Have milk prices bottomed?
With Class III and IV futures prices showing signs of strength over the past week to 10 days, they may be a sign that the worst is over for milk prices and dairy budgets.
“I think the one thing we can say with some confidence is that we’ve already hit bottom in milk prices,” says Mark Stephenson, a dairy economist with the University of Wisconsin. “So farm milk checks are as likely to be as bad as they’re going to get this year, and they are on their way up.
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