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An Ohio farm benchmarking analysis reviews 2019 and 2020 milk prices, showing the Federal Order 33 uniform price averaged $15.85 in 2020 versus $17.21 in 2019. It notes the US all-milk price fell to $18.30 in 2020 and that negative producer price differentials hit farm checks.
Lower historical milk prices and farm margins reflect weak dairy demand for feed, though this is backward-looking. It has little direct impact on current feed prices.
farmprofitability.osu.eduMar 11, 2021After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% 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.
