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Class III and cheese futures rose on December 12, with the January Class III contract up 73 cents to $20.25 per cwt. CME spot dry whey added 1.75 cents to 76.75 cents per pound, the highest since February 2022, while spot cheddar blocks also firmed.
Stronger spot cheese and whey feed directly into the Class III formula, lifting milk futures and making dairy revenue protection triggers more likely to pay. The move reflects tight whey supply rather than a new demand shock.
dairyherd.comDec 12, 2024Not 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.
