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June 2022 Class III milk price fell 88 cents to $24.33/cwt from May's record $25.12, while Class IV rose 84 cents to $25.83/cwt. The Class III-IV spread widened to $1.50, and butterfat hit about $3.33/lb, likely a record.
A wide Class III-IV gap gives processors incentive to depool Class IV milk, shifting how milk is priced and pooled. Record butterfat supports dairy product values and feed demand for dairy operations.
agproud.comDave NatzkeJul 1, 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.
