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Federal Milk Marketing Order data for October 2021 showed uniform milk prices improved from September to their highest since June, with all classes up. Higher protein values and a wider Class III-IV spread, however, drove more depooling and negative producer price differentials in six of seven FMMOs.
Improved uniform prices support dairy herd economics, but negative PPDs cut farmer milk checks in most regions, which can weigh on dairy-cow numbers and feed demand over time.
agproud.comDave NatzkeNov 16, 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.
