# 2022 milk futures rally continues as butter leads the spot market gains | Ag Moos

> 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.

- Date: 2021-12-29 · published 2021-12-29T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/43750-2022-milk-futures-rally-continues-as-butter-leads-the-spot-market-gains-ag-moos
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Rising futures for 2022 signal tight milk and product supplies, which typically raise dairy farmers' feed budgets and support demand for protein feeds.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2022-01-05 | 5 | +12.2% | 4.2 | 2022 Class III futures at multi-year highs with butter leading spot gains shows building momentum into the window. |

## Sources

- agmoos.com: https://agmoos.com/2021/12/29/2022-milk-futures-rally-continues-as-butter-leads-the-spot-market-gains/

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