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July 2021 uniform milk prices fell 36 to 64 cents per cwt across all 11 federal milk marketing orders from June. Producer price differentials were positive in all orders using multiple component pricing, the second consecutive month of positive PPDs.
Lower blend prices reduce dairy farmer revenue and can trim herd-expansion appetite, a modest bearish signal for milk and dairy feed demand.
agproud.comDave NatzkeAug 13, 2021Not enough comparable past events yet for a historical read.
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.
