The Federal order benchmark milk price has dipped even more but looks to be at the bottom. The Agriculture Department announced the February Class III price at $13.40 per hundredweight, down 60 cents from January, $3.48 below February 2017, and the lowest Class III since June 2016. The price equates to $1.15 per gallon, down from $1.20 in January and $1.45 a year ago.
The February Class IV price is $12.87, down 26 cents from January, $2.72 below a year ago, and the lowest Class IV price since April 2016. Full Report
