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The Center for Dairy Excellence is hosting a free webinar on Oct. 28 covering milk prices and DMC and DRP risk programs.
It reports 12-month Class III averages of $17.49 and Class IV of $15.26 per cwt. It also notes the Farmers to Families Food Box program ends Oct.
31.
The webinar mainly provides risk-management education, but the food box program ending removes a source of dairy product purchases. That could modestly loosen dairy demand.
centerfordairyexcellence.orgOct 19, 2020After 664 past report events, Milk (Class III) moved a median -0.1% over 5 sessions (44% higher; middle half -0.7% to +0.5%), and -0.1% 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.
