Class III Up 20 Cents

The Agriculture Department announced the November Federal order Class III milk price at $18.03 per hundredweight, up 20 cents from October, $5.31 below November 2020, but the highest Class III price since May. The 11 month average stands at $16.96, down from $18.39 a year ago and compares to $16.74 in 2019.

Wednesday’s Class III futures portend a December price at $18.04, which would result in a 2021 average of $17.05, down from $18.16 in 2020 and compares to $16.96 in 2019.

The Class IV price is $18.79, up $1.75 from October, $5.49 above a year ago, and the highest Class IV price since October 2014. Its 11-month average stands at $15.74, up from $13.50 a year ago and down from $16.26 in 2019.
Courtesy of the Mielke Market Weekly

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