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The August Class III milk price was announced at $20.66 per cwt, the highest since November 2022, and Class III futures pointed to higher prices through year-end. Highly pathogenic avian influenza was confirmed on three Central Valley California dairies and has hit milk output in at least 13 other states.
Bird flu cuts milk output and tightens dairy supply, pushing dairy prices higher, while a field vaccine trial in dairy cattle is underway.
dairystar.comLee MielkeSep 16, 2024After 22 past bullish disease events, Milk (Class III) moved a median -0.0% over 5 sessions (45% higher; middle half -0.9% to +0.5%), and -2.8% 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.
