Benchmark Milk Price Down 88 Cents

The Agriculture Department announced the June Federal order Class III milk price at $24.33 per hundredweight, down 88 cents from May but $7.12 above June 2021.

That put the 2022 Class III average at $22.95, up from $16.96 at this time a year ago, $16.09 in 2020, and $15.25 in 2019.

The June Class IV price set another new record high at $25.83, up 84 cents from May, and $9.48 above a year ago. Its average sits at $24.67, up from $14.84 a year ago, $13.78 in 2020, and $15.98 in 2019. Courtesy of the Mielke Market Weekly



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