# Economic update: January FMMO Class III-IV prices lower | Ag Proud

> Federal Milk Marketing Order Class III and IV prices both declined in January 2023. The Class III price was $19.43/cwt and the Class IV price was $20.01/cwt, the lowest since December 2021. The Class II price was also down from December.

- Date: 2023-02-07 · published 2023-02-07T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/37364-economic-update-january-fmmo-class-iii-iv-prices-lower-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower Class III and IV prices reduce farm milk income and pressure dairy herd economics. That can weigh on dairy demand for feed over the coming months.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-03-07 | [Economic update: February FMMO milk class prices back to 2021 levels \| Ag Proud](https://feedsoft.ai/events/36860-economic-update-february-fmmo-milk-class-prices-back-to-2021-levels-ag-proud.md) | 0.0% | +1.6% |
| 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 | 2016-05-05 | [Dairy Economic Update: No spring in prices, margin -  \| Ag Proud](https://feedsoft.ai/events/4169-dairy-economic-update-no-spring-in-prices-margin-ag-proud.md) | -6.2% | -6.3% |

## Sources

- agproud.com: https://www.agproud.com/articles/56949-economic-update-january-fmmo-class-iii-iv-prices-lower

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