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USDA announced the April Federal order Class III milk price at $24.42 per hundredweight, up $1.97 from March and the highest since July 2020. The April Class IV price set a new record at $25.31 per cwt.
Record milk prices raise farm-level dairy returns, but rising feed, fuel and fertilizer costs are eating into margins, which shapes dairy herd decisions and demand for dairy-linked feed.
thefencepost.comLee MielkeMay 13, 2022After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.
After 22 past neutral report events, ULSD / Diesel moved a median -0.1% over 5 sessions (50% higher; middle half -3.5% to +2.7%), and -0.2% 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.
