The Agriculture Department announced the September Federal order Class III benchmark milk price at $18.31 per hundredweight, up 71 cents from August, $2.22 above September 2018, and the highest it has been since November 2014 and compares to California’s September 2018 4b cheese milk price of $15.62. The Class III price equates to about $1.51 per gallon, up from $1.51 in August and $1.38 a year ago.
The nine month Class III average stands at $16.11, up from $14.62 at this time a year ago and compares to $16.12 in 2017.
The September Class IV price is $16.35, down 39 cents from August and the lowest since May, but is $1.54 above a year ago. Its 2019 average stands at $16.21, up from $13.95 a year ago and $15.51 in 2017.
Courtesy Mielke Market Weekly