2025 Milk Price Futures Continue to Look Promising

ZISK
Dec 17, 2024
1 min read

Milk powders hit a bit of a stumble Monday after a freight train run higher over the last few weeks. Whey took a plunge in the spot trade, but butter and cheese kept the rally running in Class III milk and support in Class IV. We finished the day with January Class III and Class IV narrowing the spread to 30 cents, with both over $20 per hundredweight.

Today’s Highlights

After closing in on 80 cents per pound last week, spot dry whey started this week by tumbling to $0.7450, shedding $0.0475. That was the biggest single-day drop since April 2022. Six lots traded. The CME butter market rebounded, jumping to $2.5000 per pound, a 3.5-cent gain, with 10 loads exchanged. Spot blocks continued to climb, settling at $1.8225 per pound, $0.0225 higher, while barrels ticked up just a quarter cent to $1.7300. Volume traded: four lots of blocks and three of barrels.
Class III futures continued to climb, taking the lead from the spot cheese markets. The January contract jumped to $20.30 per hundredweight, gaining 31 cents. All cheese futures also advanced, with January closing up $0.0410 at $1.8950 per pound.

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