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The May 2021 Class III milk price rose to $18.96 per cwt and the Class IV price to $16.16, both higher than the prior month. The spread between the two classes widened to $2.80, though futures suggested it would narrow in June and beyond.
Higher May class prices support milk values, but the expected narrowing of the class spread signals softer Class III prices ahead.
agproud.comDave NatzkeJun 4, 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.
