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Federal order milk pools with multiple component pricing averaged 4.08% butterfat in 2022, the eighth straight annual record. The Pacific Northwest and Southwest orders posted notable gains, and nearly 92% of U.S. milk is priced on components.
Higher butterfat means more milk solids per unit of volume, which can slightly tighten supply of fat-based dairy products. The effect on feed markets is limited.
hoards.comCorey GeigerApr 24, 2023After 664 past report events, Milk (Class III) moved a median -0.1% over 5 sessions (44% higher; middle half -0.7% to +0.5%), and -0.1% 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.
