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The October 2017 Class III milk price rose 33 cents to $16.69 per cwt, the highest since February 2017. The Class IV price fell $1.01 to $14.85, the lowest since May, as butter and nonfat dry milk prices declined.
The divergence between firm Class III and weaker Class IV prices reflects mixed dairy product demand, with weaker butter and powder markets limiting upside for dairy feed demand.
dairyradio.comBill BakerNov 1, 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.
