Loading…
USDA's February Class IV milk price reached a record $24 per hundredweight, up 91 cents from January. The Class III price for January rose to $20.91, and butterfat and milk solids values increased in February.
Record dairy component prices signal strong dairy margins that support herd retention and feed purchases. The data reflects past pricing rather than a new supply shock.
agproud.comDave NatzkeMar 8, 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.
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.
