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USDA's April milk production data showed 17.4 billion pounds from the 23 major states, up 0.3% year on year, with 8.71 million cows. The Southeast uniform milk price was $18.70 for April, and the Class III price was $15.96.
Production that is only slightly higher and a lower cow count leave the milk supply broadly steady, so prices are not moving much on this data alone.
en.edairynews.comDamián MoraisJun 11, 2019After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% 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.
