◂ Event Timeline

Nov 4, 2026REPORTUS

USDA Raises Class I Milk Price Above $20, Farmers Celebrate Until Milk Checks Arrive

The USDA announced that the November Class I base milk price rose $1.39 to $20.27 per hundredweight. The article explains that the base price is only a starting point, with location differentials, component values, class prices and pooling rules affecting what producers actually receive.

WHY IT MATTERS

A higher Class I base lifts the fluid milk price floor, which supports dairy feed demand and milk prices, though final farm receipts depend on blend and class adjustments.

AFFECTSMilk (Class III)▲

SOURCE
farm.fmIndra QuellNov 4, 2026

Price reaction & history

Milk (Class III)▲bullish

After 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.

Jun 23, 2017The Farmer's Exchange Online USDA Sees Less Milk in 2017-18 and Raises Class 3 Price Forecast-4.0%
Dec 22, 2021The 2021 Class III milk price forecast was raised-0.3%
Apr 12, 2023Weekly Digest: USDA raises 2023 Class III price projection | Ag Proud+0.1%
Nov 15, 2021BULK MILK PRICE INCHES UPWARD FOR FARMERS --0.2%
Mar 13, 2026USDA Raises 2026 Milk Production Forecast, Most Dairy Product Price Forecasts - Cheese Reporter-0.2%

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.

Milk (Class III) MILK · GP ▸

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