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The Center for Dairy Excellence reports that October's Class I milk price was announced at $19.47/cwt, up 57 cents from September and $2.85 above August's low, though still more than $3 below a year earlier. CME futures show Class IV trending up and Class III flat.
A rebound in Class I and Class IV prices supports farm milk income and dairy-feed demand, but Class III futures suggest the gain is limited.
centerfordairyexcellence.orgSep 29, 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.
