# Higher Class III Milk Prices Seen | Red River Farm Network

> Class III milk futures rallied sharply last week, with limit gains in the nearby contracts. Dan Basse of AgResource pointed to the COVID stimulus bill, strengthening New Zealand dairy auction prices, and possible government purchases as support.

- Date: 2020-12-28 · published 2020-12-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49807-higher-class-iii-milk-prices-seen-red-river-farm-network
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Stronger Class III futures signal higher expected US cheese and milk values, which can lift dairy-based feed ingredient prices and affect dairy producer feeding decisions.

## Read by commodity

- MILK: bullish ▲

## Sources

- rrfn.com: https://www.rrfn.com/2020/12/28/higher-class-iii-milk-prices-seen-as-year-wraps-up/

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