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Milk prices rose through 2019 after several years of low prices that left dairy farms struggling with debt. USDA put the January 2020 base milk price at $19.01 per hundredweight, down 32 cents from the prior month but well above recent years.
Higher milk prices ease margin pressure on dairy producers, but officials note the drop was driven by excess raw milk supply, so the recovery may be fragile.
wcax.comCat ViglienzoniJan 1, 2020After 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.
