Class I Milk Price as reported by Hoard's Dairyman
|September 21|| next update
October Class I is $16.60 — up 76 cents from last year
Class I Milk PriceAnnounced on September 21, 2016 - the October Class I (fluid milk) price is $16.60, up 4 cents 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