Class III and IV milk futures prices have been experiencing a slight decline on average for a couple months now. However, current futures prices as of July 12 show a sharper decline over the last couple of weeks compared to one month ago. On June 9, 12-month average Class III price was $23.41 per cwt and Class IV was $24.44. When you fast forward to July 12, the Class III 12-month average is $2.43 per cwt lower at $20.98 per cwt. Class IV has not declined as rapidly as Class III but is still $1.91 less than a month ago at $22.53 per cwt. Read More
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