The increase can be attributed to rising South American production. Presently, there is assurance that there will be an ongoing abundance of feed supplies.After a dismal 2016, dairy producers have more for which to be thankful. Aside from the abundance of feed supplies, prices rose in the Class III markets and are expected to rise steadily until June, based on the latest market reports. Class IV milk is expected to rise steadily, as well, based on Farm Journal’s market forecasts.
The increase can be attributed to rising South American production. Presently, there is assurance that there will be an ongoing abundance of feed supplies.After a dismal 2016, dairy producers have more for which to be thankful. Aside from the abundance of feed supplies, prices rose in the Class III markets and are expected to rise steadily until June, based on the latest market reports. Class IV milk is expected to rise steadily, as well, based on Farm Journal’s market forecasts.