# Economic update: April FMMO milk class prices mixed | Ag Proud

> April 2023 Federal Milk Marketing Order prices were mixed, with Class III at $18.52 per cwt, up 42 cents from March, while Class IV fell 43 cents to $17.85 and Class II fell 32 cents to $19.20. Class III moved above Class IV for the first time since May 2022. The butterfat value declined while the protein value rose.

- Date: 2023-05-03 · published 2023-05-03T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/8134-economic-update-april-fmmo-milk-class-prices-mixed-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The divergence between Class III and Class IV shifts the milk-price mix and pooling incentives, with mixed signals for dairy income and little clear direction for overall dairy feed demand.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2024-08-01 | [July FMMO milk class prices mixed \| Ag Proud](https://feedsoft.ai/events/6830-july-fmmo-milk-class-prices-mixed-ag-proud.md) | -0.4% | +0.4% |
| MILK | 2023-11-29 | [Weekly Digest: November FMMO milk class prices announced \| Ag Proud](https://feedsoft.ai/events/6752-weekly-digest-november-fmmo-milk-class-prices-announced-ag-proud.md) | -4.7% | -5.9% |
| MILK | 2022-10-06 | [September FMMO class prices dip and Class III-Class IV gap widens \| Ag Proud](https://feedsoft.ai/events/5114-september-fmmo-class-prices-dip-and-class-iii-class-iv-gap-widens-ag-proud.md) | -1.2% | -6.5% |
| MILK | 2019-07-01 | [Mailbox milk prices: What do they tell us? - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/4203-mailbox-milk-prices-what-do-they-tell-us-progressive-dairy-ag-proud.md) | +6.5% | +7.4% |
| MILK | 2022-10-12 | [USDA boosts milk production forecast but raises price projections too \| Ag Proud](https://feedsoft.ai/events/39241-usda-boosts-milk-production-forecast-but-raises-price-projections-too-ag-proud.md) | -0.2% | -4.2% |

## Sources

- agproud.com: https://www.agproud.com/articles/57536-economic-update-april-fmmo-milk-class-prices-mixed

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