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The November 2021 Class IV milk price reached $18.79 per cwt, its highest in over seven years, while the Class III price rose 20 cents to $18.03. Class I and II prices also rose from October, and butterfat values climbed.
Strong butter and butterfat values lift the Class IV price and signal tighter dairy markets, supporting milk prices and dairy product values.
agproud.comDave NatzkeDec 14, 2021Not 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.
