Economic Update: May Class I base milk price climbs past $20 per cwt
- ZISK
- Apr 28
- 1 min read
May Class I base milk price climbs past $20 per cwt
The Federal Milk Marketing Order (FMMO) advanced Class I base price surpassed $20 per hundredweight (cwt) in May. The price per cwt reached $20.15 per cwt, up $1.49 per cwt from April and up $1.78 per cwt from May of last year. May’s price was influenced by the strong market conditions seen in Class IV as nonfat dry milk prices rally to record levels.
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, May’s Class I prices should average $24.27 per cwt across the orders, with the Florida FMMO to take the lead at $26.95 per cwt and the Arizona FMMO to bring up the rear at $22.75 per cwt.
Jenn Coyne and Karen Lee
April 23, 2026
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