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The September 2022 Class IV milk price was $24.63 per cwt, while the Class III price was $19.82, a $4.81 gap that is the widest since November 2020. Class III fell 28 cents from August, and Class IV fell 18 cents.
FMMO pooling and uniform price data are due October 11-14.
The wide Class III and IV spread encourages Class IV depooling and shifts how milk value is distributed across uses. Lower Class III prices point to softer cheese-based demand.
agproud.comDave NatzkeOct 6, 2022After 136 past neutral report events, MILK 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.
