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Dairy farmers are anticipating June milk checks after the Class III price jumped $8.90/cwt from May to June. Negative Producer Price Differentials are expected to vary by Federal Order and handler, with the largest uniform price increase in the Upper Midwest.
Uniform prices rose from $12.31 in May to $17.23 in June in that region.
Negative PPDs reduce farm-level payments and may influence milk supply decisions, while the underlying milk price recovery supports dairy demand for feed.
agproud.comDave NatzkeJul 16, 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.
