# Economic Update: Class III-IV milk prices continue to climb - Progressive Dairy | Ag Proud

> The Class IV milk price hit a record $24.82 per cwt in March 2022 and the Class III price rose to $22.45, its highest since November 2020. Butterfat, protein and nonfat solids values all climbed during the month.

- Date: 2022-04-01 · published 2022-04-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/41844-economic-update-class-iii-iv-milk-prices-continue-to-climb-progressive-dairy-ag
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Rising component values lift dairy revenue and encourage milk production, though high feed costs have constrained herds. Strong milk prices support demand for dairy-related feed inputs.

## Read by commodity

- MILK: bullish ▲

## Sources

- agproud.com: https://www.agproud.com/articles/54426-economic-update-class-iii-iv-milk-prices-continue-to-climb

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