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Federal Milk Marketing Order administrators reported October 2021 uniform prices, with all class prices higher than September. A widening Class III and IV spread caused more depooling and a return of negative producer price differentials.
A wider class spread and negative PPDs affect dairy farm income distribution, while higher class prices support overall milk price expectations for feed buyers.
agproud.comDave NatzkeDec 11, 2021After 93 past neutral policy events, Milk (Class III) moved a median -0.0% over 5 sessions (48% higher; middle half -0.6% to +0.6%), 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.
