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USDA announced the December 2019 Federal Order Class III milk price, reported as dipping to $19.37. The article is a brief headline summary linking to a news source.
A lower Class III price reflects softer milk values in the US, slightly reducing dairy producer margins and feed buying power.
spotonmichigan.comMichigan AG ConnectionJan 3, 2020After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% 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.
