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Progressive Dairy's column reports that the USDA released December and annual 2020 mailbox milk price summaries, showing how COVID-19 disrupted milk marketing. It notes that the mailbox price lags the all-milk price and creates challenges for dairy risk management programs such as Dairy Margin Coverage.
The gap between mailbox and all-milk prices affects farm revenue and the design of dairy risk programs, but it does not directly move near-term milk futures.
agproud.comDave NatzkeMay 7, 2021After 664 past report events, Milk (Class III) moved a median -0.1% over 5 sessions (44% higher; middle half -0.7% to +0.5%), and -0.1% 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.
