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Tennessee extension commentary reports September US milk production in 24 major states at 17.3 billion pounds, up 0.4% year on year, with 8.93 million cows, down 22,000 head from August. Southeast and Class III prices for September were reported, with the Class I mover for November at $17.98.
Routine monthly data show slightly rising output and a modest cow decline, leaving milk prices mostly steady relative to feed costs.
dairyproducer.comTanya EadieNov 10, 2021After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% 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.
