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    Class 4 milk futures opened higher at $19

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    Class 4 milk futures opened higher at $19.45/cwt following strong weekly dairy export data. The MACD indicates upward momentum, with Q4 contracts gaining increased attention from speculative funds anticipating holiday demand spikes. Trending: ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.26/share with a $1000 minimum. If the new formula had been in place over the past 12 years, it would have been roughly neutral on Class III, reducing the price by about 16 cents per cwt. on average. The new formulas would have resulted in a higher Class III milk price in 2020 and 2021 when barrel cheese was at a big discount to blocks, but if you assume a spread around 3 cents, the changes would reduce the Class III milk price slightly compared to the old formula. With the six-month delay in implementing the increase in assumed solids content, the new formula does shift Class III lower by something around 62 cents per cwt. for six months. The latest CME trading session closed with Class 4 milk futures up 0.25%, supported by firm butter prices. Analysts note that international buyers, particularly in Southeast Asia, are steadily lifting demand. This export momentum could sustain futures above the $19.30 mark in the near term.

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