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August negative producer price differentials narrowed but remained in all seven multiple-component-pricing FMMOs. Uniform prices across the 11 federal orders moved mixed versus July, with the Class I and Class III prices nearly equal.
Negative PPDs reduce farm-gate milk checks even where headline class prices hold, so producer returns stay under pressure.
agproud.comDave NatzkeSep 15, 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.
