Class III Milk Price Announced at $21.15
Wisconsin Ag Connection - 02/06/2014
The USDA announced Wednesday that the January Class III milk price was released at $21.15 per hundredweight. That's up $2.20 from the month before, and $3.01 more than year-ago levels.
For the year, the Class III price has averaged $17.99 in 2013, which was 55-cents more than 2012's average base price.
The Class IV price was 75-cents higher than last month's price at $22.29, and was $4.66 more than last year's price for January.
Earlier this week, the USDA reported that Wisconsin farmers received an average price of $22.00 per hundredweight for their milk in December, up 70 cents from the same time last year. The January price is expected to rise another $1.90 to $23.90 per cwt.