
The September 2023 Federal Milk Marketing Order Class I base price rose to $18.90 per cwt, up $2.28 from August and the highest since May. Class I prices will average about $21.72 per cwt across all orders after zone differentials.
The narrower spread between Class III and Class IV skim milk factors also drove the change.
The higher Class I base price signals firmer fluid milk pricing and better dairy farm returns. It can support milk production and feed demand in coming months.
Setelah 237 peristiwa laporan bullish sebelumnya, Susu (Class III) bergerak median +0,0% selama 5 sesi (51% lebih tinggi; separuh tengah -0,3% sampai +0,6%), dan +1,2% 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.