Loading…
The March Class III base milk price was $15.04 per hundredweight, up $1.15 from February and 82 cents above March 2018, the highest since October. Analysts expect prices to improve further, with some seeing $16 by May or June.
A rising Class III price signals firmer dairy margins and stronger milk values, which can support dairy cow feed demand and related feed ingredient purchasing.
en.edairynews.comDamián MoraisApr 9, 2019After 237 past bullish report events, MILK 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.
