The Agriculture Department announced the May Federal order Class III milk price at $25.21 per hundredweight, up 79 cents from April, $6.25 above May 2021, and a new record high for the Class III. The 2022 average now stands at $22.67, up from $16.91 a year ago, $15.10 in 2020, and $15.05 in 2019.
The May Class IV price is $24.99, down 32 cents from April but $8.83 above a year ago. The five-month average is at $24.44, up from $14.54 a year ago, $13.96 in 2020, and $15.81 in 2019. Courtesy of the Mielke Market Weekly