# Class IV milk prices expected to top Class III through 2024

> 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.

- Date: 2024-01-16 · published 2024-01-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32128-class-iv-milk-prices-expected-to-top-class-iii-through-2024
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- MILK: neutral

## Sources

- farmprogress.com: https://www.farmprogress.com/livestock-and-dairy/class-iv-milk-prices-expected-to-top-class-iii-through-2024

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