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USDA announced the January Federal Order Class III milk price at $20.34 per hundredweight, up $1.72 from December and the highest since October 2024. Futures settlements point to a February price near $20.11 and a March price near $19.44.
USDA's 2025 Class III average forecast is $19.70, up from $18.89 in 2024.
The higher benchmark lifts the base for US milk and dairy feed-cost calculations and supports dairy demand for feed. The futures curve, however, signals lower prices through the spring.
thefencepost.comLee MielkeFeb 14, 2025After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
