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The October Federal Milk Marketing Order Class III milk price rose $1.99 to $21.81 per cwt, and the Class IV price rose 33 cents to $24.96. The gap between the two class prices narrowed, and the Class I base price fell 91 cents to $22.71.
A narrower Class III-IV spread may affect whether Class IV milk returns to FMMO pools, which influences regional milk supply. The higher Class III price reflects firmer cheese-based demand for milk.
agproud.comDave NatzkeNov 3, 2022After 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.
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.
