◂ Event Timeline

Jul 5, 2017REPORTUS

Class III price rebounds for June Dairy Month, up 87 cents

USDA announced the June Class III benchmark at $16.44 per cwt, up 87 cents from May and the highest since February. Global milk output is past its peak and expected to turn year-over-year positive as Oceania's season starts.

WHY IT MATTERS

A firmer Class III price and tightening global supply support milk values, though heat and output recovery could limit gains.

AFFECTSMilk (Class III)▲

SOURCE
leadertelegram.comLee MielkeJul 5, 2017

Price reaction & history

Milk (Class III)▲bullishSO FAR1d +0.1%5d -0.1%20d -1.1%

After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.

Dec 9, 2019Class III benchmark milk price peaks | Market Columns | leadertelegram.com-0.8%
May 1, 2024May 1, 2024: Class III Prices Increasing | Center for Dairy Excellence+18.1%
Sep 2, 2026Class III milk price rebounds in August as others fall | Ag Proud-2.9%
Jul 5, 2019Milk price down slightly from May but still highest since November 2017 | Dairy | leadertelegram.com+0.2%
Aug 21, 2017U.S. milk production may have been overestimated | Dairy | leadertelegram.com-0.1%

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.

Milk (Class III) MILK · GP ▸

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