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USDA reported the July Federal Order Class III milk price at $17.55 per hundredweight, the first time since early 2015 it exceeded $17.00. The price was $1.28 above June and $3.45 above July 2018, and the Class IV price reached $16.90.
A multi-year high Class III price improves dairy producer margins and supports herd retention and feed demand, pointing to firmer milk values.
thebullvine.comCynthia PocongAug 6, 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.
