A Guide to Class I Milk Formula Options
Since the 2018 farm bill, the price for Class I milk, i.e., milk used to produce beverage milk products, has been calculated using the simple average of advanced Class III (cheese) and Class IV (milk powders) skim milk prices plus 74 cents.
American Dairy Coalition supports return to previous Class I pricing while new options explored
The American Dairy Coalition (ADC) said it applauds Gillibrand for her leadership, working with Senate Ag leadership, her subcommittee, and the dairy industry to bring this hearing to fruition.
Milk prices headed downward for August, rebound expected in September
Milk prices will trend lower in August. The August Class III price may end up near $16.00. The Class III price has been declining since May when it was $18.96. Lower cheese and dry whey prices brought the Class III price down.
Class III milk price tumbles more than $1.60
Dairy Outlook: U.S. milk production is 4.6% higher than a year ago.
Milk prices continue to strengthen
Milk prices continue to strengthen since their low in February. The February Class III price was $15.75 and had increased to $17.67 in April with May forecasted to be around $18.90.
Milk Values in Class III Printed Green
The spot cheese markets once again saw great volumes trade during Thursday’s session.
Class III Prices Retreat Significantly
Butter dipped back just beneath $1.90/lb in the CME Cash Dairy Product Trade.
Class III Sees Double Digit Gains
CME spot dairy auction values found a little support to end the week on Friday. Butter paced products as prices gained 3.75 cents/lb and ended at $1.775 with two loads trading. Cheddar blocks followed closely behind increasing 2 cents to $1.72/lb on bids. Barrel cheese also added value rising a quarter cent to $1.4625/lb. Whey […]
Class III Struggles to Hold on to Small Gains
A sleeper of a week in Dairy gave us gains in the Dairy products. All five CME spot traded products gained in their weekly averages.
Class III Prices Continue to Look Lower for the Near Future
It was a mixed bag across all commodities today.
