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USDA announced the December Class III milk benchmark at $19.37 per cwt, down $1.08 from November's five-year high but well above December 2018. The 2019 Class III average was $16.96, and the USDA projected 2020 at $17.65.
A slightly lower benchmark and a higher milk-to-feed price ratio suggest steady dairy demand for feed, with prices still firm year over year.
thefencepost.comLee MielkeJan 10, 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.
