# March negative PPDs continue to climb out of 2020 depths | Ag Proud

> Producer price differentials (PPDs) in federal milk marketing orders improved in March 2021 but stayed negative in six of seven component-pricing orders. Uniform prices rose in all 11 orders, with the highest at $20.11 per cwt in Florida and the lowest at $14.85 in California. Negative PPDs have persisted in some regions since May 2020.

- Date: 2021-04-14 · published 2021-04-14T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/47769-march-negative-ppds-continue-to-climb-out-of-2020-depths-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Negative PPDs reduce the effective price producers receive on their milk checks, so the gradual recovery supports farm incomes. Higher uniform prices reflect firmer milk values.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-09-28 | [October bringing negative PPDs; cow slaughter falls - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/51261-october-bringing-negative-ppds-cow-slaughter-falls-progressive-dairy-ag-proud.md) | +23.4% | +32.3% |
| MILK | 2019-12-18 | [More milk, consolidation continues, but still an improved 2020 price outlook - Purdue Ag Econ](https://feedsoft.ai/events/55579-more-milk-consolidation-continues-but-still-an-improved-2020-price-outlook.md) | -0.1% | -12.3% |
| MILK | 2020-11-10 | [USDA continues to raise milk production and prices - Brownfield Ag News](https://feedsoft.ai/events/50158-usda-continues-to-raise-milk-production-and-prices-brownfield-ag-news.md) | -1.8% | -33.8% |
| MILK | 2026-06-03 | [Class III-IV gap widens to largest spread since 2020 \| Ag Proud](https://feedsoft.ai/events/7956-class-iii-iv-gap-widens-to-largest-spread-since-2020-ag-proud.md) | -5.0% | -8.5% |
| MILK | 2018-05-24 | [2017 milk value fell short of expectations - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/65018-2017-milk-value-fell-short-of-expectations-progressive-dairy-ag-proud.md) | +2.2% | +0.1% |

## Sources

- agproud.com: https://www.agproud.com/articles/35801-march-negative-ppds-continue-to-climb-out-of-2020-depths

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.