Dairy Week In Review

USDA announced the February Class III milk price at $16.68 per hundredweight, up 91 cents from January but down $1.70 from a year ago. The February Class IV price was announced at $19.85 per cwt., up 46 cents from January and 99 cents above last February’s price. Looking ahead, Class III futures prices average $16.56 for the next four months and increase to an average of $18.44 for the last half of 2024. Class IV futures prices average $19.98 for the next four months before increasing to an average of $20.92 for the last half of the year.

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