The Agriculture Department announced the first Class III benchmark milk price of 2022 at $20.38 per hundredweight for January, up $2.02 from December, $4.34 above January 2021, and the highest Class III price since November 2020.
The January Class IV price is $23.09 per cwt., up $3.21 from December, $9.34 above a year ago, and the highest Class IV price since August 2014. Courtesy of the Mielke Market Weekly
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