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USDA announced February 2024 Federal Milk Marketing Order class prices on February 28, with Class II at $20.53, Class III at $16.08 and Class IV at $19.85 per cwt, all slightly higher than January. The advanced Class I base price fell 49 cents to $17.99.
Higher Class III and IV prices modestly lift farm milk checks, and the wide Class IV over Class III spread keeps depooling incentives in place.
agproud.comDave NatzkeFeb 29, 2024After 237 past bullish report events, MILK moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% 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.
