November 18, 2020: Dairy Week In Review

Class III milk futures prices on the CME fell hard this week, with concerns about another pandemic-related shutdown weighing heavily on the industry. Class IV milk price futures held steady but remained low. The average Class III price for the next 12 months (not including November) fell 35 cents from a week ago to $16.64 per hundredweight, while the 12-month Class IV milk price still averages around $15.04 per cwt. December’s Class III price took a huge hit, falling from $19.81 per cwt. at this time last week to $16.16 per cwt, as of November 18. Read More