Class I Milk Price as reported by Hoard's Dairyman
|July 20|| next update
August Class I is $15.07 — down $1.21 from last year
Class I Milk PriceAnnounced on July 20, 2016 - the August Class I (fluid milk) price is $15.07, up $1.37 from last month.
The Class I base price (based on "higher of" advanced Class III or Class IV skim milk price) plus the Class I differential for each order determines Class I skim milk price. The mover is equivalent to the Basic Formula Price (BFP) under the old pricing system. It equals (base skim milk price for Class I times 0.965) plus (advanced butterfat pricing factor times 3.5). The Class I mover is announced on or before the 23rd of the previous month.
Class III prices
Class IV prices