Fall Milk Price Futures Hold Steady

Milk markets were mostly unchanged on Monday heading into the holiday season.

By Know Your Market

•

October 16, 2023 05:16 PM

Those in Class III markets will feel the brunt of some of the lowest prices in years. While relief is coming in the form of lower feed prices, a drop in costs won’t be enough to offset their declining milk checks.

Milk markets were mostly unchanged on Monday. November declined two cents while December was off nine cents. First half 2024 ranged from eight cents lower to a penny higher. Second half 2024 also saw some movement ranging from a nickel lower to a few cents stronger. Class IV markets were relatively unchanged as all 2024 contract months remain north of $19/cwt.

CME spot markets aligned with Class III and Class IV prices as little change was seen. Butter fell a penny to $3.35/lb while barrel cheese was down a quarter cent to $1.6425/lb. Blocks, powder, and whey settled unchanged despite trades in block cheese and whey.

Grain markets retraced three cents on Monday to $4.90/bu. Soybeans added six cents to $12.86. Meal was flat. Wheat ranged from two cents lower to six cents stronger.

Milk Prices

Read Next

Labor

A Place to Work and a Place to Live: How One Dairy Provides Housing for Nearly All of Its Employees

As rural housing becomes harder to find, one Wisconsin dairy is building more than a workforce by providing homes for nearly all of its employees and helping families put down roots in the community.

May 15, 2026 03:51 PM

Taylor Leach