# Economic Update: January FMMO milk class prices mixed | Ag Proud

> 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.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6013-economic-update-january-fmmo-milk-class-prices-mixed-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- MILK: bearish ▼

## Sources

- agproud.com: https://www.agproud.com/articles/59081-economic-update-january-fmmo-milk-class-prices-mixed

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