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The September Class III milk price was announced at $23.34/cwt, up $2.68 from August and the highest since June 2022. The September Class IV price rose to $22.29, and futures point to lower Class III prices for October through December.
Futures implying a decline from September's peak suggest milk prices are easing into late 2024, reducing dairy-based feed ingredient values.
capitalpress.comLEE MIELKEFor the Capital PressOct 8, 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.
