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The October Federal order Class III benchmark milk price reached $18.72 per hundredweight, a five-year high and up $3.19 from October 2018. Cash block cheddar and barrel prices also rose, and Class III futures pointed to higher November and December prices.
Strong Class III and cash dairy prices signal improving farm milk returns, which can support dairy herd size and demand for dairy feed.
capitalpress.comLEE MIELKEFor Capital PressNov 6, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
