Federal Order Class III Milk Price Rose to $18.96 in May

Federal Order Class III Milk Price Rose to $18.96 in May

The USDA announced that the May Federal Order Class III milk price rose to $18.96 per hundredweight. That was $1.29 higher for the month, and $6.82 above May 2020.

So far, the Class III price has averaged $16.91 during 2021.

The Class IV component price was 73-cents higher than last month at $16.16, and $5.49 more than last year.

Last week, Wisconsin’s all milk price for April was announced at $18.80 cwt, which was $1.30 above last month’s price, and $5.50 more than the previous year.

U.S. Cheese Factories Churning Out More Product

Total cheese output was 1.14 billion pounds, 8.0 percent above April 2020, but 3.4 percent below March 2021.

According to the USDA’s National Ag Statistics Service, Italian type cheese production totaled 481 million pounds, 7.4 percent above April 2020, but 4.3 percent below March 2021.

American type cheese production totaled 473 million pounds, 6.0 percent above April 2020, but 0.7 percent below March 2021.

Butter production was 185 million pounds, 18.5 percent below April 2020 and 6.9 percent below March 2021.

 

Source: Wisconsin Ag Connection 

 

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