November 17, 2023: How Production, Exports Impact Your Milk Price

For most dairy farm families, the days when the milk price you receive is based primarily on what supply and demand looks like in your backyard are long gone. In today’s marketplace, the mailbox price you receive each month is determined by national and international factors influencing both the demand and the supply side of the equation. If just one of those factors changes dramatically, it could significantly change your milk price. In reality, though, all those factors are changing daily, influencing the movement you see in the Class III and IV milk futures prices reported on this page and in the movement in the mailbox price you receive each month.

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