While dairy prices have been low  in recent months, recent trends indicate that prices may have bottomed out for 2018, and better times are coming.

“When I look back to prices early this year, things are much more bullish now than I thought they’d be,” said Robert Tigner, an agricultural systems economist and University of Nebraska-Lincoln associate Extension educator.

The price of Class III milk has risen from a low point of $15.70 per hundredweight (cwt) in early March 2018 to $16.52 cwt by late May.

Monthly milk production data from the U.S. Department...