# November FMMO Class III-IV prices lower, spread shrinks further | Ag Proud

> 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.

- Date: 2022-12-06 · published 2022-12-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/38259-november-fmmo-class-iii-iv-prices-lower-spread-shrinks-further-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- MILK: bearish ▼

## Sources

- agproud.com: https://www.agproud.com/articles/56552-november-fmmo-class-iii-iv-prices-lower-spread-shrinks-further

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