Milk numbers shake up the market
- amy55735
- Dec 5, 2024
- 1 min read
Dynamic price activity was the norm this year for Class III milk futures. The year began with lower price values, with the front month contracts trading near $16 per cwt. However, price sentiment improved during summer and fall with futures prices rallying near $23 per cwt due to a pattern of lower trending monthly milk production numbers.
What’s happened
The price rally for Class III milk futures has now eased as we finish 2024, with prices trading near $18.50 as of this writing.
Fundamental sentiment shifted in recent weeks as milk production increased, which weighed on prices.
December 4, 2024
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