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The March Federal order Class III benchmark milk price rose 82 cents from February to $14.22 per hundredweight, though it remained $1.59 below March 2017. The Class IV price reached $13.04, up 17 cents from February.
Class III futures were quoted with April at $14.41 and June at $15.05.
Rising Class III and Class IV benchmarks and firmer futures suggest milk prices are recovering, supporting dairy-based feed ingredient values.
thefencepost.comLee MielkeApr 13, 2018Not 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.
