Markets & Management

We seem to be in the dead of winter with temperatures falling and snow on the ground. Though temperatures in Pennsylvania seem to be getting colder, milk prices across the nation continue to heat up.
Class III and IV prices continued their upward march during January. Class III and IV prices continue to be inversed with the 12-month average Class IV milk price $1.50 per cwt higher than  the Class III 12-month average. Based on January 24 closing prices, the average Class III for the next 12 months is $20.72 per cwt, $1.20 higher compared to this time last month and $3.89 more  than one year ago. The 12-month average Class IV price improved to $22.21 per cwt during January. This is $1.74 per cwt more compared to the end of December and $6.87 more than this time  one year ago. What continues to drive milk prices higher? Read More