January 6, 2021: Dairy Week In Review

USDA announced the December 2020 Class III milk price at $15.72 per hundredweight, down $7.62 from November’s price and $3.64 below year ago levels. Class III prices averaged $18.16 per cwt. in 2020, up $1.20 from 2019’s average price. The December Class IV price was announced at $13.36 per cwt., up 6 cents from November but down $3.34 from a year ago. The 2020 average Class IV price was $13.49 per cwt., down $2.96 from the 2019 average Class IV price. Class III milk futures prices for the first six months of 2021 jumped in the past week, with the average price up about $1.50 to $18.01 per cwt. from January – June 2021. Read More