October 6, 2021: Dairy Week In Review

USDA announced the September Class III milk price at $16.53 per hundredweight, up 58 cents from August and up 10 cents from last September’s price. The Class IV price was announced at  $16.36 per cwt, up 44 cents from August and $3.61 above year-ago levels. Futures prices on the CME rebounded somewhat this week, with the Class III price averaging $18.03 per cwt for the next  12 months, while the Class IV price averages $17.44 for the next 12 months, based on Oct. 5 markets. Read More