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The November Class III milk price fell 80 cents from October to $21.01 per hundredweight, and the Class IV price declined $1.66 to $23.30. The spread between the two classes narrowed further.
Class I base price rose to $24.09.
Lower Class III and IV benchmarks point to weaker milk value for processors and farmers, and a narrower class spread reduces the incentive to shift milk toward cheese.
agproud.comDave NatzkeDec 6, 2022Not enough comparable past events yet for a historical read.
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.
