Class IV Milk (GDK) Futures

$20.75
0.00[0.00%]
as of 2024-12-06
Q

What is Class IV milk?

A

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.”

Q

How much milk is in a Class IV milk futures contract?

A

Class IV milk futures contracts include 200,000 pounds of milk (also known as 2,000 hundredweight.)

Q

Why are Class IV milk futures contracts helpful for businesses?

A

Milk futures contracts are helpful for businesses as they allow companies to obtain favorable pricing and lock in those prices.

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