# November 2025 milk class prices mostly lower | Ag Proud

> The November 2025 advanced Class I base price was $16.75 per cwt, down $1.29 from October and the lowest since August 2023. Class II and Class IV prices fell to their lowest since February 2021, while Class III rose slightly to $17.18. The Class III and IV gap widened to $3.29, the largest since April 2024.

- Date: 2025-12-03 · published 2025-12-03T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/4087-november-2025-milk-class-prices-mostly-lower-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower federal order class prices mean smaller milk checks for producers and weaker dairy demand signals, while the wide Class III-IV gap encourages depooling that distorts reported pricing.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-12-05 | [November FMMO milk class prices mixed \| Ag Proud](https://feedsoft.ai/events/27109-november-fmmo-milk-class-prices-mixed-ag-proud.md) | -0.8% | +7.7% |
| 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 | 2022-11-29 | [December 2022 Class I base price lower \| Ag Proud](https://feedsoft.ai/events/8754-december-2022-class-i-base-price-lower-ag-proud.md) | -2.9% | -2.4% |

## Sources

- agproud.com: https://www.agproud.com/articles/62593-november-2025-milk-class-prices-mostly-lower

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