Dairy Feed Price Outlook: Surging Grains & Stable Forage

When the grain markets began to climb higher in late 2020, it was lauded as a much-needed price relief for corn and soybean producers. But not everyone shares that excitement, especially dairy producers. Especially with a volatile market outlook for the first part of 2021, dairy producers are watching corn futures surge beyond $5/bushel, with soybean prices also gaining upward momentum based largely on export demand from China. While most analysts expect those markets to stay in bullish territory for at least the next few weeks, the forage markets have been much more stable and consistent, with alfalfa specifically within recent normal price ranges based on adequate supplies and little change in hay quality expected. See more on the feed market for dairy producers.