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Western US fluid milk production was steady to higher in most states, though some areas reported output below year-earlier levels. Processors in Arizona and New Mexico bought milk from other states to meet needs, while educational institutions reduced Class I orders ahead of the holidays.
Demand was steady across most classes.
Steady production and demand suggest balanced regional milk supply, so price pressure is limited, though tight supply in some states could support local milk values.
capitalpress.comStaff ReportsNov 28, 2022After 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.
