The US Agriculture Department announced the November Federal order Class III benchmark milk price at $20.45 per hundredweight this week, up $1.73 from October, $6.01 above November 2018, and the highest Class III price since October 2014.
The eleven month Class III average is $16.74, up from $14.69 at this time a year ago and $16.24 in 2017.
The November Class IV price is $16.60, up 21 cents from October and $1.54 above a year ago. Its average stands at $16.26, up from $14.15 a year ago and $15.31 in 2017. Courtesy Mielke Market Weekly