Loading…
October US milk output was about 18.5 billion pounds, down 0.5% from a year earlier. Cheese output rose 1.1% from September, and butter output rose 11.2% month on month but was slightly below last year.
Higher cheese and whey prices lifted the Class III forecast, which supports milk values that feed buyers track for dairy-linked feed costs.
farmersadvance.comLee MielkeDec 22, 2021After 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.
