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Federal Milk Marketing Order uniform prices fell in December 2023 across all 11 FMMOs compared with November, with declines of $1 or more in six areas. The Class I base price was $19.76 per cwt, up a penny from November but $2.82 below December 2022.
Lower uniform milk prices reduce dairy farm revenue and may limit herd expansion, modestly weakening dairy feed demand.
agproud.comDave NatzkeJan 15, 2024After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% 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.
