October Federal Order Class III Milk Price

Saturday, November 5th, 2022 -- 6:29 AM

The USDA announced that the October Federal Order Class III milk price rose to $21.81 per hundredweight.

That was $1.99 higher for the month, and $3.98 above October 2021. The benchmark price, which recently set an all-time record high of $25.21 in May of this year, has been dropping in recent months. So far, the Class III price has averaged $22.19 during 2022. The Class IV component price was 33-cents higher for the month at $24.96, and $7.92 more than last year.

Earlier this week, the USDA announced that the Wisconsin all milk price for September averaged $22.10 per cwt., which was unchanged from the August price, but was $3.70 more than last September. (Wisconsin Ag Connection)

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