# Negative PPDs went deeper in November - Progressive Dairy | Ag Proud

> 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.

- Date: 2020-12-14 · published 2020-12-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49652-negative-ppds-went-deeper-in-november-progressive-dairy-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- MILK: neutral

## Sources

- agproud.com: https://www.agproud.com/articles/36122-negative-ppds-went-deeper-in-november

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