# October brought return of depooling, negative PPDs - Progressive Dairy | Ag Proud

> 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.

- Date: 2021-11-16 · published 2021-11-16T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/44195-october-brought-return-of-depooling-negative-ppds-progressive-dairy-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-11-14 | [October brought another surge in negative PPDs - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/50302-october-brought-another-surge-in-negative-ppds-progressive-dairy-ag-proud.md) | +0.0% | -31.7% |
| MILK | 2019-12-11 | [2020 milk price outlook improves - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/55581-2020-milk-price-outlook-improves-progressive-dairy-ag-proud.md) | -0.3% | -12.8% |
| MILK | 2022-01-14 | [December FMMO uniform prices are highest since 2014 - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/43145-december-fmmo-uniform-prices-are-highest-since-2014-progressive-dairy-ag-proud.md) | -0.1% | +2.4% |
| MILK | 2019-11-01 | [No September DMC indemnity payments as margin jumps - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/4108-no-september-dmc-indemnity-payments-as-margin-jumps-progressive-dairy-ag-proud.md) | -0.8% | +1.4% |
| MILK | 2019-09-19 | [U.S. milk production growth remains small in August - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/57060-u-s-milk-production-growth-remains-small-in-august-progressive-dairy-ag-proud.md) | +0.1% | +2.0% |

## Sources

- agproud.com: https://www.agproud.com/articles/54791-october-brought-return-of-depooling-negative-ppds

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.