Loading…
The November Federal order Class III milk price was announced at $17.15 per hundredweight, up 31 cents from October but well below November 2022. Class III futures pointed to a December price near $16.16, and the Class IV price was $20.87.
Futures settlements suggest further softening in Class III prices for December, which signals ongoing pressure on dairy farm margins.
capitalpress.comLEE MIELKEFor the Capital PressDec 5, 2023Not 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.
