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February 2023 Class II, III and IV milk prices all declined from January and reached their lowest levels since the fourth quarter of 2021. The Class IV-III spread widened, which creates incentives for Class IV depooling.
Lower federal order class prices reduce dairy farm revenue and dairy demand signals, pressuring milk values and the feed purchasing outlook.
agproud.comDave NatzkeMar 7, 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.
