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The USDA announced the July Federal Order Class III milk price at $19.79 per cwt, down 8 cents from June but $6.02 above a year earlier. Class III futures were quoted for August at $20.34 and September at $20.51, while the July Class IV price rose to $21.31.
Class III and IV futures trading above July levels signal firm forward milk prices, supporting dairy-linked feed demand.
thebullvine.comAug 19, 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.
