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USDA put the December Class III milk price at $15.72 per hundredweight, down $7.62 from November and the lowest since May. The 2020 Class III average was $18.16, and the December Class IV price fell to its lowest since 2008.
Weak December prices signal softer milk and dairy-ingredient demand heading into 2021. Lower milk values can reduce farm-level spending on feed.
thefencepost.comLee MielkeMilk PricesJan 8, 2021After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% 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.
