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Federal Milk Marketing Order uniform prices rose in 10 of 11 orders for November milk. Negative producer price differentials reached new lows as the Class I base-Class III price inversion widened, with Class III at $23.34 per cwt and Class IV at $13.30.
Wide class price spreads and depooling reflect strong cheese prices driven by seasonal and food box demand, which affects US dairy price relationships heading into 2021.
agproud.comDave NatzkeDec 14, 2020Not 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.
