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Spot nonfat dry milk hit a record $2.26/lb as powder users struggle to find loads, while Class IV futures closed at $22.29/cwt, $4.73 above Class III. Butter and anhydrous milkfat fell at the GDT auction, with butter futures at life-of-contract lows.
Divergent powder strength and butter weakness point to uneven dairy demand, with powder tightness supporting Class IV and related protein feed demand while butter weakness limits broader dairy price gains.
milkproducerscouncil.orgSarina SharpApr 24, 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.
