Join us for an informative market update on the milk markets as well as a deeper dive into the importance of managing feed costs and some strategies that may help manage that risk.
In this webinar, you will learn about key fundamental and technical updates, as well as walk away with a better understanding of the importance of locking in/hedging feed costs and some of the tools available to dairies to help accomplish that.
The year 2020 will likely be remembered as one of the most volatile times for Class III Milk futures. Despite seeing a near $14.00/cwt rally in milk future prices for the most active (second) month from April to July, corn and soybean meal prices spent most of the first 8 months of the calendar year subdued and at traditionally low levels. However, a strong bull market in grain futures has developed over the last 12 weeks that has drastically changed the outlook for feed inputs, giving dairy producers a reminder of the importance of managing risk in regard to their biggest variable expense.