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The USDA announced the July Federal Order Class III milk price at $19, above July 2023. The seven-month average stands at $17.33, compared with $16.95 a year earlier.
A firm Class III price supports dairy producer margins and signals steady demand for dairy feed inputs.
dairystar.comLee MielkeAug 10, 2024After 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.
