Economic Update: February Class I base milk price hits 68-month low
- ZISK
- Jan 26
- 1 min read
February Class I base milk price hits 68-month low
The Federal Milk Marketing Order (FMMO) advanced Class I base price will cast a small shadow for February, dipping to just $14.70 per hundredweight (cwt). The February base price is $1.65 per cwt below the base price for January 2026 and $6.57 per cwt less than February 2025. It’s the lowest Class I base milk price since June 2020.
Class I zone differentials are added to the base price principal pricing points to determine the actual Class I price in each FMMO. With those additions, February’s Class I prices should average about $18.82 per cwt across all FMMOs. The highest regional price is in the Florida FMMO at $21.50 per cwt, and the lowest price is $17.30 per cwt in the Arizona FMMO.
Dave Natzke and Karen Lee
January 22, 2026
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