October 28, 2022: October

According to milk futures prices as of the close of business on October 21, Class IV milk price is expected to remain higher than Class III prices the rest of this year and for all next year as well. At  $21.82 and $24.88 per cwt, the October Class III and IV futures prices indicate that they are the peak prices for each Class at least through 2023. May 2022 is the last time that Class III price was  higher than Class IV. If current prices become reality, it will be the most consecutive months that Class IV has remained higher than Class III since a 16-month stretch that occurred from March 2010 to June 2011. Read More