June 2017 Dairy Situation & Outlook

Professor Bob Cropp’s 2017 June Dairy Situation & Outlook full report is now available for download at UW Understanding Dairy Markets.  An exert follows below:

 The level of milk production will be a major factor on how much milk prices strengthen. If the growth in milk production is 2% or less, along with favorable domestic sales and continued improved exports the Class III price could be in the mid $16’s by July, assuming some recovery in cheese prices, and the $17’s for the remainder of the year peaking in October in the high $17’s. The Class IV price could be in the $17’s beginning in August and for the remaining months. However, dairy futures are currently less optimistic for the Class III price. Class III futures do not reach $17’s until August and remain in the low $17’s for the remainder of the year.

Also, for a video podcast including Dr. Bob Cropp and Dr. Mark Stephenson discussing the  Dairy Situation & Outlook, please visit Program on Dairy Markets & Policy.

For more information regarding dairy markets, please contact UW-Extension Dairy Markets Specialist Brian Gould or visit UW-Extension Understanding Dairy Markets.

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