The Agriculture Department announced the August Federal Order Class I base milk price at $16.90 per hundredweight, down 52 cents from July, $2.88 below August 2020, and the lowest Class I since April. It equates to $1.45 per gallon, down from $1.70 a year ago. The eight month Class I average stands at $16.39, down from $16.42 at this time a year ago and compares to $16.34 in 2019.
Courtesy Mielke Market Weekly
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