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Administrators of the 11 Federal Milk Marketing Orders reported lower December 2022 uniform milk prices versus November. Producer price differentials declined across the orders, with the spread between Class III and IV milk prices affecting pooling.
Lower uniform and blend prices reduce milk revenue for US dairy producers, which can trim herd expansion and dairy feed purchases.
Not 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.