With feed prices projected to come down, Dairy Margin Coverage payouts may not come at the end of 2024. But global unknowns emphasize the constant need for risk management.
USDA’s World Agricultural Supply and Demand Estimates predict corn prices will fall to $4.80 per bushel after two years exceeding $6, said Chris Wolf, a Cornell professor of agricultural economics, during a Farm Credit East webinar on Jan. 24.
Soybeans are predicted at $12.75 per bushel, and soybean meal is at $3.80 a ton.
Rebecca Schweitzer
Feb 3, 2024
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