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USDA set the June federal order Class III benchmark at $16.27 per hundredweight, down 11 cents from May but the highest since November 2017. The Class IV price rose to $16.83.
In the Global Dairy Trade auction, the weighted average index slipped 0.4% after three larger declines.
Official dairy price benchmarks anchor farm milk income and feed budgets. A slowing decline at GDT suggests global dairy prices may be stabilizing.
leadertelegram.comJenn Stirmel Copy EditorJul 5, 2019After 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.
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.
