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Federal Milk Marketing Order uniform prices for January fell from December, with six FMMOs below $15/cwt. Producer price differentials turned negative in all applicable orders, though less severe than in the second half of 2020.
Lower blend prices and negative PPDs signal weak milk returns, which can lead dairy producers to trim herd sizes over time and reduce demand for feed.
agproud.comDave NatzkeFeb 15, 2021Not enough comparable past events yet for a historical read.
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.
