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Dairy farmers have recently turned their focus to the higher cheese and butter prices seen in the market. At the same time, dry whey prices have also silently moved higher, supporting Class III milk prices.
Milk markets were mostly unchanged on Monday heading into the holiday season.
Capping a 40-year-plus career, Jim Mulhern, NMPF president and CEO, will retire at the end of this calendar year. Mulhern talks about the future of dairy, immigration reform and passing the baton to Greg Doud..
Class III milk was mixed with October down 9 cents to $16.84, and November up 11 to $17.41, and December down a penny to $17.59/cwt.
A high incidence of liver abscesses continues to plague an ever-growing segment of the fed cattle industry: beef-on-dairy crossbred animals.
While the all-milk price for 2023 and 2024 saw a nice boost, Class III milk price futures continue to stumble. Will Class IV be dairy’s biggest bright spot?