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The November 2021 Class IV milk price rose $1.75 to $18.79 per cwt, the highest since October 2014. The Class III price rose to $18.03, and the Class IV price became the higher of the two for the first time since June 2019.
A Class IV price above Class III reflects strong butter demand and tighter nonfat solids, supporting dairy prices and the value of milk-based feed inputs.
agproud.comDave NatzkeDec 6, 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.
