# January milk prices reach new lows | Ag Proud

> January Federal Order Class I base price fell to $16.35/cwt, the lowest since April 2021. Class II ($13.92), Class III ($14.59) and Class IV ($13.55) prices all declined from December, with Class IV at its lowest since February 2021.

- Date: 2026-02-05 · published 2026-02-05T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/20766-january-milk-prices-reach-new-lows-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Falling class prices signal weaker producer milk checks and a bearish outlook for dairy demand from farms, which can pressure dairy-herd feed purchases and feed-ingredient demand.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2025-10-16 | [September uniform milk prices reach new lows for 2025 \| Ag Proud](https://feedsoft.ai/events/22572-september-uniform-milk-prices-reach-new-lows-for-2025-ag-proud.md) | +0.5% | +1.8% |
| MILK | 2023-02-15 | [January FMMOs: A little lower prices, a little more Class IV \| Ag Proud](https://feedsoft.ai/events/37365-january-fmmos-a-little-lower-prices-a-little-more-class-iv-ag-proud.md) | -0.3% | +0.2% |
| MILK | 2025-03-06 | [February 2025 Class II, III and IV milk prices lower \| Ag Proud](https://feedsoft.ai/events/4704-february-2025-class-ii-iii-and-iv-milk-prices-lower-ag-proud.md) | +1.8% | -6.1% |
| MILK | 2024-01-05 | [December FMMO milk class prices lower \| Ag Proud](https://feedsoft.ai/events/5893-december-fmmo-milk-class-prices-lower-ag-proud.md) | -0.5% | +6.6% |
| MILK | 2025-12-03 | [November 2025 milk class prices mostly lower \| Ag Proud](https://feedsoft.ai/events/4087-november-2025-milk-class-prices-mostly-lower-ag-proud.md) | -6.9% | -11.3% |

## Sources

- agproud.com: https://www.agproud.com/articles/62902-january-milk-prices-reach-new-lows

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.