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The Agriculture Department announced the September Federal order Class III milk price at $18.39 per hundredweight, up $1.20 from August, but no one is breaking out the champagne. It is $1.43 below September 2022 and,...
The Agriculture Department lowered its 2023 and 2024 milk production forecasts in the latest World Agricultural Supply and Demand Estimate report.
The July federal order Class III benchmark milk price hit bottom, falling to $13.77 per hundredweight (cwt.), down $1.14 from June.
Milk availability is tightening and following seasonal trends in the Midwest, according to Dairy Market News.
You’ll recall May milk production was up 0.6% from 2022.