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February Federal Milk Marketing Order Class II, III and IV prices all rose from January, driven by improvements in nonfat dry milk and whey. The Class I base price fell to $14.70 per cwt, the lowest since June 2020.
February pooling estimates and uniform prices are due March 9-14.
Higher Class II, III and IV prices lift the milk price outlook for US producers after a weak start to the year. The low Class I base still signals ample supply and limits upside for milk prices.
agproud.comJenn CoyneMar 5, 2026After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.
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.
