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California dairy groups asked the state agriculture department for an emergency hearing to raise minimum milk prices for April 2018 through March 2019. The proposal seeks a 60-cent per cwt increase for Class 1, 2 and 3 milk and smaller increases for Class 4a and 4b.
A higher state minimum price would raise California's cost of milk if approved, but the request is a proposal and has no immediate effect on national milk supply.
agproud.comDave NatzkeJan 24, 2018After 17 past bullish policy events, Milk (Class III) moved a median -0.6% over 5 sessions (29% higher; middle half -1.6% to +0.2%), and -3.0% 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.
