
FMMO uniform milk prices rose $1.14 per cwt in March to an average of $18.55 across the 11 orders, with increases in every order. Processors are absorbing rising milk output during the spring flush, mostly into cheese, butter and milk powder.
Firm uniform prices signal strong processor demand for milk despite seasonal output growth, which supports dairy-based feed ingredient values. Feed buyers should watch for spring supply pressure.
After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.
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.