Benchmark Drops $2.32

The Agriculture Department announced the first Federal Order Class III benchmark milk price of 2020 at $17.05 per hundredweight, down $2.32 from December but $3.09 above January 2019 and the highest January Class III price since 2014.

The January Class IV price is $16.65, down a nickel from December but $1.17 above a year ago and also the highest January Class IV price since 2014. Courtesty of Mielke Market Weekly

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