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The USDA announced the March federal order Class III milk price at $16.15 per cwt, up 40 cents from February and the highest since November 2020. The March Class IV price rose 99 cents to $14.18.
Class III futures settlements pointed to higher prices for April through December.
The rise in Class III and Class IV prices lifts producer milk checks and improves dairy margins against feed costs. Futures levels point to continued firmness in milk prices ahead.
en.edairynews.comDamián MoraisApr 7, 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.
