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The December 2022 Federal Milk Marketing Order advanced Class I base price fell to $22.58 per hundredweight, down $1.51 from November and a 10-month low. The average Class I price across all orders is about $25.40.
The 2022 annual Class I average of $23.66 is the highest on record.
A lower Class I base reduces fluid milk pricing pressure on handlers and signals softer milk values, which can affect dairy-related feed demand.
agproud.comDave NatzkeNov 29, 2022After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% 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.
