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Class III and IV futures were roughly even at about $19.97 per hundredweight for the first half of 2023 at the December 8 close. Those contracts averaged $19.38 and $19.57 on November 1.
Dairy Margin Coverage enrollment was extended to January 31, 2023, and early projections indicate payments in 2023.
Higher forward milk futures since November support farm margins, and expected DMC payments provide a floor for producer income, though the price effect is modest.
hoards.comCorey GeigerDec 10, 2022Not 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.
