# January FMMOs: A little lower prices, a little more Class IV | Ag Proud

> Federal Milk Marketing Order administrators reported January 2023 uniform prices were lower than December, with seven orders down $1/cwt or more. All FMMO class prices fell in January, mostly to one-year lows. Producer price differentials were mixed.

- Date: 2023-02-15 · published 2023-02-15T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/37365-january-fmmos-a-little-lower-prices-a-little-more-class-iv-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Broadly lower uniform and class prices reduce milk revenue for dairy producers. This keeps the dairy price outlook soft and limits support for dairy-related feed demand.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-02-07 | [Economic update: January FMMO Class III-IV prices lower \| Ag Proud](https://feedsoft.ai/events/37364-economic-update-january-fmmo-class-iii-iv-prices-lower-ag-proud.md) | +0.6% | -0.8% |
| 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 | 2025-03-06 | [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 | 2025-12-31 | [December 2025 milk class prices mostly lower \| Ag Proud](https://feedsoft.ai/events/9571-december-2025-milk-class-prices-mostly-lower-ag-proud.md) | -5.0% | -7.9% |
| 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/57019-january-fmmos-a-little-lower-prices-a-little-more-class-iv

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