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Class III futures traded lower across the curve on August 20, with most volume in the September and October 2025 contracts. Q4 Class III futures settled at $18.02 per hundredweight, down 16 cents, and Class IV also fell.
Butter futures held a premium to spot, implying a possible spot rally by October.
A lower futures curve signals softer expected milk prices for the fall, while the butter premium hints at some later support.
dairyherd.comKnow Your MarketAug 20, 2025Not 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.
