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The USDA's National Agricultural Statistics Service reported the November U.S. all-milk price at $18.10 per cwt, 20 cents above October. Nineteen of 23 major producing states saw price increases, while Michigan had the lowest price at $16.60.
Wisconsin and Texas tied for the highest November price at $19.00.
A modest monthly gain in the all-milk price supports dairy-cow feed demand, but it sits within a broadly soft dairy market, so feed buyers should not expect a major shift in milk-based demand.
brownfieldagnews.comLarry LeeDec 29, 2017After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% 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.
