The Agriculture Department announced the June Dairy Month Federal order Class III benchmark milk price Wednesday at $21.04 per hundredweight, up a spectacular $8.90 from May and $4.77 above June 2019. It is the highest Class III price since November 2014 and boosts the 2020 Class III average to $16.09, up from $15.25 at this time a year ago and $14.41 in 2018.
The Class IV price is $12.90, up $2.23 from May but $3.93 below a year ago. Its six month average sits at $13.78, down from $15.98 a year ago and compares to $13.67 in 2018. Courtesy: Mielke Market Weekly – Dr. Mike Hutjens discusses: