
October uniform milk prices declined in eight of 11 Federal Milk Marketing Orders compared with September, though high-Class I areas posted small gains. Base producer price differentials were mostly negative in October, except in the Northeast.
The California FMMO had the lowest average at $21.47/cwt.
Lower Class II, III and IV prices and negative PPDs reduce farm-gate milk returns, which can discourage herd retention and modestly weigh on dairy product demand.
Setelah 273 peristiwa laporan bearish sebelumnya, Susu (Class III) bergerak median -0,2% selama 5 sesi (39% lebih tinggi; separuh tengah -1,3% sampai +0,4%), dan -1,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.