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USDA published the October 2021 Statistical Uniform Price at $18.44/cwt, 48 cents above September and the highest October price in seven years. Class III milk came in at $18.83, while Class I was about $2.00, and the article notes the February low of $15.80 during the pandemic.
A higher uniform milk price supports dairy farm margins and could sustain milk production, a modest positive for dairy-related feed demand.
countycourier.netCounty CourierNov 15, 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.
