# Class III Futures Hit the $20 Mark

> 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.

- Date: 2024-12-12 · published 2024-12-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27112-class-iii-futures-hit-the-20-mark
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- MILK: bullish ▲

## Sources

- dairyherd.com: https://www.dairyherd.com/markets/milk-prices/class-iii-futures-hit-20-mark

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.