Markets & Management

Dairy farm families are seeing an improvement in their milk checks right now over the devasting low prices they received this summer. September’s all-milk price was announced at $21 per hundredweight, up nearly $4 from July’s low of $17.40. October’s all-milk price is expected to continue to increase, with the October Class IV price at $21.49 per cwt., the highest this year. Unfortunately, the Class III price fell back in October, dropping $1.55 from September to $16.84 per cwt. Looking ahead, Class IV milk futures prices average $19.26 per cwt for the next six months, while Class III milk futures prices average $17.12 per cwt, based on settlement quotes from November 20.

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