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USDA's FMMO advanced Class I base price for March 2024 rose 81 cents to $18.80 per cwt. Class I prices for February averaged about $21.62 per cwt across all orders, and the Class III and IV skim milk pricing factors remained wide.
A higher Class I base lifts fluid milk prices and farm revenue, and the wide skim spread keeps Class IV milk demand and depooling incentives strong.
agproud.comKaren Lee, Dave NatzkeFeb 26, 2024After 237 past bullish report events, Milk (Class III) 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.
