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A University of Wisconsin-Madison professor describes a web-based Mailbox Price Forecaster that uses Class III and IV futures settlements to project 12-month farm milk prices. The tool relies on a farm's historical mailbox prices, with at least 36 months of data recommended.
This is a forecasting method for individual farms and does not signal a new market driver. It has little direct price impact.
hoards.comBrian W. GouldAug 2, 2018Not 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.
