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Lee Mielke reports the September Class III price at $18.39/cwt and forward Class III futures for October through March. The article also notes that producers who dumped milk without payment may be eligible for reimbursement.
Higher forward Class III futures signal firmer milk prices, while the reimbursement issue has little direct effect on supply or feed demand.
farmersadvance.comLee MielkeOct 18, 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.
