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USDA forecasts Class III prices near $18 per cwt in Q4 2019, with some analysts seeing $19, and an all-milk price of $18.40 for the full year versus $16.26 last year. September Milk Production Report showed top-24-state output up 1.6% year on year with cow numbers down 11,000 head.
A forecast dairy price recovery into 2020 improves dairy producer margins, which can support higher feed purchasing over time.
proag.comOct 25, 2019After 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.
