
USDA announced the April Federal order Class III milk price at $14.47 per cwt, up 25 cents from March but 75 cents below April 2017. Class IV rose to $13.48 and California's Class 4b price was $14.27.
Class III futures pointed to a May price near $15.11 and higher prices through the summer.
Higher Class III and IV prices improve dairy margins and may support herd sizes and dairy feed demand. Futures curve strength points to firmer milk prices into the summer.
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.