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The Federal Reserve held interest rates steady at its recent FOMC meeting. October Federal Milk Marketing Order prices diverged, with the Class III price falling $1.55 to $16.84 per cwt while Class II rose to $21.95 and Class IV rose to $21.49.
The widening Class III-IV spread and weaker cheese and whey prices reduce returns for Class III milk, while firmer butterfat supports Class IV, shaping dairy producer income and feed-buying capacity.
agproud.comDave NatzkeNov 2, 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.
