
The USDA announced an April Federal order Class III milk price of $17.67/cwt, up $1.52 from March and the highest since November 2020. The Class IV price rose to $15.42, and the All-Milk price averaged $17.40.
Feed costs were still more than $5.00/cwt above a year earlier.
Higher Class III and IV prices strengthen dairy demand for feed, but the milk-to-feed ratio fell to 1.75, squeezing producer margins and raising the risk of reduced herd feeding and cow numbers.
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.