
The April 2024 Federal order Class III milk price was announced at $15.50 per hundredweight, down 84 cents from March and $3.02 below April 2023. The April Class IV price rose slightly to $20.11, and Class III futures pointed to higher May through July prices.
The lower Class III price reflects weaker cheese-based milk values, which reduces the return on milk used for cheese. Futures signaling a rebound toward a June peak point to firmer milk prices ahead for dairy-feed 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.