November Class I Drops 81 Cents

The Agriculture Department announced the November Federal order Class I base milk price at $15.52 per hundredweight, down 81 cents from October, 89 cents below November 2017, and equates to $1.33 per gallon, down from $1.40 in October. It is California’s first Federal order Class I base price. As in the other milk market orders of the country, this is the price that is added to its individual Class I differential in order to determine that order’s Class I milk price. The 11 month Class I average stands at $14.82, down from $16.41 a year ago and $14.61 in 2016.
Courtesy Mielke Market Weekly