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Progressive Dairy columnist notes that June 2021 producer price differentials were positive in all federal milk marketing orders, the first such result in some time, though some producers reported negative PPDs. The Class III-Class IV spread narrowed to 86 cents in June.
Positive PPDs and a narrow class spread shift milk revenue distribution to farmers and point to firmer milk values, a modest support for dairy demand and feed use.
agproud.comDave NatzkeAug 7, 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.
