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The September Federal order Class III benchmark milk price was $16.36 per hundredweight, down 21 cents from August. The Class IV price fell 75 cents to $15.86, and California's 4b price dropped to $14.88.
Lower September milk prices reduce farm milk income and can slow dairy herd expansion over time. The gap between California and federal order prices also affects regional dairy economics.
thefencepost.comLee MielkeOct 12, 2017Not 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.
