The Agriculture Department announced the December Class I base milk price at $15.05 per hundredweight, down 47 cents from November, $1.83 below December 2017, and the lowest December Class I since 2009 when it was at $13.99.
This is California’s first Federal Order Class I base price and the price that individual orders add their specific Class I differential to, to determine that order’s Class I price. The Federal order Class I base averaged $14.84 in 2018, down from $16.45 in 2017 and compares to $14.80 in 2016. It ranged from a low of $13.36 in March to a high of $16.33 in October. Courtesy Mielke Market Weekly