$20.75
0.00[0.00%]
as of 2024-12-10
What is Class IV milk?
According to the USDA, Class IV milk is “used to produce butter, any milk product in dry form and evaporated or sweetened condensed milk in a consumer-type package.”
How much milk is in a Class IV milk futures contract?
Class IV milk futures contracts include 200,000 pounds of milk (also known as 2,000 hundredweight.)
Why are Class IV milk futures contracts helpful for businesses?
Milk futures contracts are helpful for businesses as they allow companies to obtain favorable pricing and lock in those prices.