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Upper Midwest Federal Milk Marketing Order 30 basis shrink continued for a fourth year in 2018, though higher milk components limited the reduction. Producers realized their highest basis levels since 2014 in many cases.
Narrower milk basis means producers keep more of the announced price, supporting farm-level dairy incomes. The impact on feed demand is minor.
agproud.comDave NatzkeJan 2, 2019Not 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.
