Milk Futures as of June 9,2009

The volatility in the dairy market place continues to increase. This includes large price swings in the Class III futures markets. Take a look.

1. February 9, 2009 - price of June class III milk predicted at $12.47


2. March 9, 2009 - price of June Class III milk predicted at $11.44


3. April 9, 2009 - price of class III milk predicted at $11.68


4. May 8, 2009 - price of class III milk predicted at $10.55


5. June 8, 2009 - price of class III milk predicted at $9.92

July, August, September, etc same volatility.

Dairy farmers are currently very pessimistic about the dairy industry and rightfully so. There are various suggestions out there. Whatever changes might be made need to happen soon as our local farmers are losing equity very quickly.