Markets / Class IV Milk
Class IV Milk
Nov Class IV futures · $ per hundredweight
Download prices (CSV, opens in Excel): daily, 1 year · weekly, 10 years
Class IV Milk is up 50.7% since January 1. By this point in a typical year (2021–2025) it was up 2.1%. From here to year-end, the price rose in 1 of the last 5 years, down 2.3% on average. Front-month futures. Past patterns don't predict prices; weather, demand and policy change every year.
Every contract month
Class IV Milk futures trade every month.
Deferred months are priced below Nov Class IV (an inverse): the market wants it now.
| Month | Last | Change | vs. Nov |
|---|---|---|---|
| Nov Class IV | 20.50 | unch | — |
| Dec Class IV | 19.70 | unch | -$0.80 |
| Jan Class IV | 19.42 | +$0.10 | -$1.08 |
| Feb Class IV | 19.08 | +$0.01 | -$1.42 |
| Mar Class IV | 18.95 | unch | -$1.55 |
| Apr Class IV | 18.78 | unch | -$1.72 |
| May Class IV | 18.94 | unch | -$1.56 |
| Jun Class IV | 18.86 | unch | -$1.64 |
| Jul Class IV | 18.77 | unch | -$1.73 |
| Aug Class IV | 18.90 | unch | -$1.60 |
| Sep Class IV | 18.68 | unch | -$1.82 |
| Oct 27 Class IV | 18.71 | unch | -$1.79 |
Text me when Nov Class IV hits my number
Pick the month and the price. We text you the second it trades there, plus class iv at 10:00 and 2:00.
Set up Nov Class IV alertsEconomy
Fed funds target 3.75-4.00% (raised 25 basis points Sep 17, 2026). Dollar index 101.79, -0.4% this week, +3.5% from a year ago. A stronger dollar makes US grain and meat pricier overseas.
Why it moved
The next 10:00 or 2:00 report will explain today's move here.
About this market
CME Class IV milk, 200,000 lb, cash-settled to USDA's announced Class IV price (butter and powder milk). Every month trades.