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USDA NASS pegged the July 2020 US all-milk price at $20.50 per cwt, up $2.40 from June, and the July Dairy Margin Coverage margin at $12.41. State all-milk prices spread unusually widely, from $8 to $9 between the highest and lowest states.
A higher all-milk price lifts DMC margins and farm income, but the wide regional spread shows uneven pricing that affects feed buying power by region.
agmoos.comAgmoosSep 7, 2020After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% 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.
