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The Center for Dairy Excellence notes that CME Class III and IV futures are at their highest levels since 2014. Class IV settled at $19.88 in December, above Class III at $18.36, and is expected to stay higher through 2022.
Milk prices have improved significantly after several years of weak returns.
Stronger milk prices improve producer margins and can support herd retention and dairy feed demand. Class IV leading Class III points to strength in powder and butter markets.
centerfordairyexcellence.orgJan 21, 2022Not 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.
