Class IV Dairy Price as reported by Hoard's Dairyman
|Aug 3|| next update
July Class IV price was $14.84 — up $1.69 from last year
Class IV PriceAnnounced on August 3, the July Class IV (butter/powder) price was $14.84. The price per hundredweight was up $1.07 from the previous month.
The Class IV not only prices butter and powder but also affects the Class I mover. The Class I mover (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 I prices Class III prices