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The July 2022 Class IV milk price held at $25.79 per hundredweight, $3.27 above Class III and the widest spread since November 2020. The wide gap gives processors an incentive to keep Class IV milk out of federal milk marketing order pools.
Class IV averaged $24.83 for January through July.
A wide Class III-IV spread shifts milk toward cheese and drives depooling decisions that affect how producer returns are distributed. It does not directly change the overall milk supply available for feed.
agproud.comDave NatzkeAug 18, 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.
