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2022 Class III milk futures averaged about $20.10 and Class IV about $21.10 as of December 29, 2021, with contracts at multi-year highs. Butter led spot market gains, and Class IV futures broke above $21 for February 2022.
Rising futures for 2022 signal tight milk and product supplies, which typically raise dairy farmers' feed budgets and support demand for protein feeds.
agmoos.comAgmoosDec 29, 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.
2022 Class III futures at multi-year highs with butter leading spot gains shows building momentum into the window.
