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Federal Milk Marketing Order administrators reported January 2023 uniform prices were lower than December, with seven orders down $1/cwt or more. All FMMO class prices fell in January, mostly to one-year lows.
Producer price differentials were mixed.
Broadly lower uniform and class prices reduce milk revenue for dairy producers. This keeps the dairy price outlook soft and limits support for dairy-related feed demand.
agproud.comDave NatzkeFeb 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.
