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The October Class III milk price rose to $21.61/cwt, up $5.18 from September, driven by protein values lifted by cheese prices tied to USDA food box purchases. The October Class IV price was $13.47/cwt, up 72 cents from September.
Negative producer price differentials continued in several federal milk marketing orders as COVID-19 cases rose.
Strong cheese and protein prices support milk values, which can raise dairy-farm margins and improve demand for dairy-related feed, though the rally depends heavily on government purchases.
agproud.comDave Natzke14 nov 2020Tras 237 eventos alcista de informe pasados, Leche (Clase III) se movió una mediana de +0,0 % en 5 sesiones (51% al alza; mitad central entre -0,3 % y +0,6 %), y +1,2 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
