Loading…
Federal Milk Marketing Order administrators reported February 2023 pricing data, with ten of eleven FMMOs seeing uniform prices fall by $1 per cwt or more from January. Class prices for February were the lowest since the fourth quarter of 2021.
Lower US Class III and IV prices signal weaker dairy demand and softer milk values, which can reduce dairy farm feed purchasing power.
agproud.comDave NatzkeMar 15, 2023After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% 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.
