Farm milk prices are climbing but have a long ways to go before hitting profitability for most U.S. dairy farms. The Agriculture Department announced the April Federal order Class III benchmark at $18.52 per hundredweight, up 42 cents from March but $5.90 below April 2022. The four month average stands at $18.46, down from $22.04 a year ago and compares to $16.40 in 2021.
The April Class IV price is $17.95, down 43 cents from March, $7.36 below a year ago, and the lowest Class IV since October 2021. Its four month average is at $18.80, down from $24.31 a year ago, and compares to $14.14 in 2021. Courtesy of the Mielke Market Weekly
