U.S. milk prices have been trending downward since last December and will likely continue to do so through May, University of Wisconsin-Madison professor emeritus Bob Cropp noted in his April "Dairy Situation & Outlook."
Cropp said the Class III price was $17.40/cwt. last December, fell to $16.77 in January and was $15.81 in March, while “April should be around $15.15 and May at $15 or a little below $15. Prices should start to trend upward again by June.”
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