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Milk futures remain strong for now

A market analyst says the milk futures market still looks good in the near months.

Mike North with Ever.ag tells Brownfield the Class IV milk which primarily goes towards butter production is paying well right now. “You’ve got prices north of $20.00 in the next couple of months, June and July specifically. June at $21.80, July at $20.30, and then you cascade lower and move into fall prices that ultimately are hoving just north of eighteen bucks.”

North says the Class IV milk prices were fueled by the powder demand from earlier this year. “That took us from that $1.20 region to $2.29. You know, that’s seismic type of price growth there, and so Class IV is still showing some of the lingering effects of that.”

North says the Class III market has similar price points in the fall, but the milk used for making cheese has softer prices this summer in the sixteen-dollar range.