he August Federal order Class III milk price was announced at $20.66 per hundredweight, up 87 cents from July, $3.47 above Aug. 2023, and the highest since Nov. 2022.
It put the eight-month average at $17.75, up from $16.98 a year ago, but compares to $22.54 in 2022.
Monday’s Class III futures settlements portend a September price at $22.97; October, $23.54; November, $22.95; and December at $22.01.
The Class IV price is $21.58, up 27 cents from July, $2.67 above a year ago, and the highest since December 2022. Its average stands at $20.49, up from $18.59 a year ago, and compares to $24.83 in 2022.
By LEE MIELKE
Capital Press
Sep 10, 2024
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