The price of milk used for cheese production continues to head upward. Last week, the USDA announced that the October Federal Order Class III price reached $18.72 per hundredweight. That’s 41-cents more than September ‘s price and $3.19 higher than October 2018. It’s also the highest base price since November 2014
So far, the Class III price has averaged $16.37 during 2019.
The Class IV component price was four-cents higher than last month at $16.39, and $1.30 more than last year.
Meanwhile, the Wisconsin all milk price for September was announced at $19.90 per cwt., up 80-cents from August’s price and $2.40 more than the same time a year earlier.
Source: Wisconsin Ag Connection