Milk prices expected to rebound on tighter supplies
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...
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