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An explainer on dairy producer price differentials notes that PPDs were negative in all federal orders in November 2019, averaging negative $2.19 per cwt. The article describes how the PPD is calculated and why it can turn positive or negative.
Negative PPDs lower producer milk checks, which can squeeze dairy farm budgets and feed purchasing.
agproud.comCalvin CovingtonFeb 24, 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.
