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The Wisconsin all milk price for March 2020 was $18.10/cwt, down $1.00 from February. The US all milk price fell 90 cents to $18.00/cwt, and CME block cheese closed at $1.2075/lb on April 30.
Lower farm milk prices reflect weak dairy demand from pandemic-related food service closures, pressuring dairy margins and the cost outlook for dairy feed buyers.
midwestfarmreport.comPam JahnkeMay 1, 2020After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% 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.
