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May 7, 2019REPORTUS

Lee Mielke: Benchmark price up 92 cents

The USDA put the April Class III benchmark at $15.96 per cwt, up 92 cents from March and the highest since September 2018. Class IV rose to $15.72, and Global Dairy Trade extended its gains to an 11th auction.

WHY IT MATTERS

Rising benchmark milk prices and global dairy gains signal stronger dairy margins, which can support feed demand from dairy herds.

AFFECTSMilk (Class III)▲

SOURCE
capitalpress.comLEE MIELKEFor the Capital PressMay 7, 2019

Price reaction & history

Milk (Class III)▲bullishSO FAR1d -0.3%5d -1.2%20d -0.7%

After 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.

Oct 5, 2021Lee Mielke: Benchmark price up 58 cents | Capital Press-1.5%
Jul 7, 2020Mielke: Benchmark price soars $8.90 | Capital Press+4.7%
Feb 8, 2022Lee Mielke: Benchmark jumps $2.02 | Capital Press+0.1%
Apr 7, 2021Benchmark Price Up 40 Cents - EDairy News English+0.9%
Mar 15, 2022Lee Mielke: Milk estimates lowered again | Capital Press-0.0%

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.

Milk (Class III) MILK · GP ▸

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