A commodity analyst and broker says the Class III milk market landscape appears different from recent years. Mike North with Commodity Risk Management Group says, “That’s not to say that the buyer’s response to prices are any different yet this year, and so while we work through some of that typical market psychology and behavior, it doesn’t come as a big surprise that we’re running into a little bit of a roadblock.” North tells Brownfield the back-and-forth motion in Class III prices during the past five years has usually peaked around 17 dollars a hundredweight before falling back down.
Continue reading Class III milk still struggling to stay over $17 at Brownfield Ag News.
