# November prices aided by higher components as Class IV pooling stays low | Ag Proud

> Federal Milk Marketing Order administrators reported November 2023 uniform prices down slightly in most regions, with the Class I base price at $19.75 per cwt, $4.34 below a year earlier. Higher butterfat and protein tests partly offset the lower prices.

- Date: 2023-12-15 · published 2023-12-15T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/32870-november-prices-aided-by-higher-components-as-class-iv-pooling-stays-low-ag
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower uniform prices reflect weaker dairy returns, a modestly bearish backdrop for milk and dairy-related feed demand.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| MILK | 2024-12-05 | [November FMMO milk class prices mixed \| Ag Proud](https://feedsoft.ai/events/27109-november-fmmo-milk-class-prices-mixed-ag-proud.md) | -0.8% | +7.7% |
| MILK | 2022-09-16 | [August FMMO uniform prices dip, Class IV pooling plummets  \| Ag Proud](https://feedsoft.ai/events/39591-august-fmmo-uniform-prices-dip-class-iv-pooling-plummets-ag-proud.md) | +0.2% | +10.4% |
| 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 | 2022-11-29 | [December 2022 Class I base price lower \| Ag Proud](https://feedsoft.ai/events/8754-december-2022-class-i-base-price-lower-ag-proud.md) | -2.9% | -2.4% |

## Sources

- agproud.com: https://www.agproud.com/articles/58821-november-prices-aided-by-higher-components-as-class-iv-pooling-stays-low

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