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The USDA put the October Federal Order Class III milk price at $22.85 per cwt, down 49 cents from September. Class IV fell to $20.90, its lowest in five months, and November Class III futures were pointing to about $20.25.
Lower Class III and IV benchmarks and weaker futures signal softer US milk prices heading into winter.
dairystar.comLee MielkeNov 9, 2024Not 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.
