Loading…
Dairy economists expect Class IV milk prices to remain above Class III through 2024, as butterfat now drives most milk check value. The December Class III price was $16.04 per cwt and Class IV was $19.23, and cheese prices are expected to recover in the second half of 2024 as new US plants come online.
Stronger butter and full-fat demand supports Class IV prices, while weak cheese prices weigh on Class III milk and Midwest dairy demand for feed.
farmprogress.comFran O'LearyJan 16, 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.
