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Class III milk prices ranged from $15.95 in August to $18.96 in May 2021, with dairy markets less volatile in cash than futures. USDA revised October milk production up 110 million pounds, while November output fell 0.4% and the national herd dropped 47,000 head.
A shrinking herd and futures pointing to higher 2022 prices suggest firmer milk values, though feed costs remain the largest factor in producer profitability.
en.edairynews.comDamián MoraisDec 31, 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.
