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Butter and nonfat dry milk recovered from early-2026 lows, lifting Class IV prices and milk check prospects. June Class IV futures climbed nearly $7 per cwt to above $22 in May, and NFDM spot reached a record $2.30 per pound on tight supplies.
Tightening nonfat dry milk supplies and a sharp Class IV rally improve dairy farm revenue and support protein feed demand.
farmprogress.comMindy WardMay 18, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
