May 20, 2022: Class IV Price Cooling Off?

Class IV milk price has increased month over month since Aug. 2021, surpassing Class III milk price in November 2021. For the third straight month, the April Class IV price, announced on May 4, set an all-time high at $25.31 per cwt. Since February, the spread between Class III and IV has been declining. The Feb. Class IV price was $3.09 per cwt higher than Class III, $2.37 higher in  March and 89 cents per cwt in April. Although all milk prices have softened somewhat over the last few weeks, Class III milk futures have experienced a net increase, whereas Class IV experienced net decrease. Has the Class IV boon ended? Read More