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Milk numbers shake up the market

ZISK

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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