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November's Class III milk price was announced at $18.03 per cwt, up 20 cents from October, and the Class IV price rose to $18.79. Class III futures for 2022 averaged $19.15 and Class IV $19.67 as of December 7.
Higher federal order milk prices and firmer futures point to improving dairy margins, which can support herd expansion and feed demand.
centerfordairyexcellence.orgDec 7, 2021After 237 past bullish report events, MILK 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.
