Class 3 milk futures have held above $17.50 despite mixed macroeconomic indicators, demonstrating resilience in domestic dairy demand. The first woman to win the economics prize, Elinor Ostrom, was turned down when she applied for a Ph.D. in economics; 2009 medicine prize laureate Carol Greider struggled with dyslexia as a child; and 2015 chemistry prize winner Tomas Lindahl failed chemistry in high school. Forward projections for Class 3 milk futures suggest 2024 Q1 prices could stabilize near $18.25 if export headwinds ease and feed cost pressures moderate. Market sentiment on Class 3 milk futures is mixed, with some hedgers locking in Q4 prices near $18.05/cwt, anticipating seasonal holiday demand boosts.
