The Agriculture Department announced the August Federal order Class III benchmark milk price at $17.60 per hundredweight, up a nickel from July, $2.65 above August 2018, and the highest Class III price since December 2014.
The 2019 Class III average stands at $15.83, up from $14.44 at this time a year ago and compares to $16.09 in 2017.
The August Class IV price is $16.74, down 16 cents from July but $2.11 above a year ago and the highest August Class IV since 2014. Its eight month average stands at $16.19, up from $13.85 a year ago and $15.46 in 2017.
Courtesy Mielke Market Weekly