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The February Federal Order Class III milk price was announced at $14.94/cwt, up 35 cents from January. Class III futures pointed to higher prices through June and a September peak near $18.50.
Futures-implied increases in farm milk prices give dairy buyers a firmer cost outlook for the coming months.
Not 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.