Class III milk futures turned in another solid round of trade Wednesday jumping 29 cents in November and 38 cents in December.
Source: Class III Breaks $20 On Wednesday | Farm Journal’s MILK Business
I scoffed at reports some months back that claimed milk prices would climb to levels that are almost comfortable for dairy farmers. I shouldn’t have. Milk prices on the commodities markets have hit 20.18 for November and 19.73 for December. Of course that’s the price on the commodities market, not the price farmers are actually getting for their milk. That varies widely for a variety of factors. But for the first time in a long time dairy farmers are finally starting to get a price that might let them make a bit of profit and get some of their debt paid down.