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May 2019 Federal Milk Marketing Order Class III price rose to $16.38/cwt and Class IV to $16.29/cwt, both the highest since 2017. Midwest farm groups asked USDA for emergency rules allowing forage planting and harvest on prevented-plant acres after alfalfa winterkill and record spring rain.
Higher milk prices reflect tighter supply, and the forage shortage could raise dairy feed costs and push herd culling higher, supporting demand for purchased feed.
agproud.comDave NatzkeJun 6, 2019After 32 past bullish weather events, Milk (Class III) moved a median +0.1% over 5 sessions (50% higher; middle half -0.7% to +3.4%), and +3.2% 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.
