February 25, 2022: Class IV Price Approaching Record Highs

Due to the timing of USDA reports and production schedules this week, the article I write at the end of each month reporting previous month milk production and cow numbers will be delayed  until next week. Announced Class IV milk price eclipsed Class III in November and stayed above in December and January. According to the futures market at the close of business on February 18, Class IV is expected to stay above Class III until at least January 2024 which is as far out as futures prices are listed. Obviously, a lot can happen in two years to change this, but current markets  indicate that at least for the next several months Class IV will remain above Class III. Read More