Loading…
The USDA announced an April Federal order Class III milk price of $17.67/cwt, up $1.52 from March and the highest since November 2020. The Class IV price rose to $15.42, and the All-Milk price averaged $17.40.
Feed costs were still more than $5.00/cwt above a year earlier.
Higher Class III and IV prices strengthen dairy demand for feed, but the milk-to-feed ratio fell to 1.75, squeezing producer margins and raising the risk of reduced herd feeding and cow numbers.
en.edairynews.comDesirée JuarezMay 18, 2021After 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.
