date:Oct 22, 2018
pounds that month alone. Dairy co-ops will likely be forced to heavily discount milk prices in the coming months as a result, going below the current futures price for benchmark Class III milk, which goes into making cheese, and is currently under $16 per 100 poundsa price that has farmers treading water, said Dave Kurzawski, a Chicago-based broker at INTL FCStone.
The farmers, they dont get a break, he said. We probably had a surplus of milk in this country for too longwere seeing that unwind