Loading…
January 2024 FMMO Class III milk price fell 87 cents from December to $15.17 per cwt, while Class II rose 16 cents to $20.04 and Class IV rose 16 cents to $19.39. The Class III-IV spread is wide enough to keep Class IV depooling incentives in place.
The lower Class III price reduces milk check values for producers in Class III-heavy markets and affects dairy product demand signals. The wide Class III-IV spread can change pooling decisions and affect farm-level milk returns.
agproud.comDave NatzkeJan 31, 2024Not 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.
