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  The U.S. Federal order benchmark Class III milk price ended 2020 sharply lower and well below a year ago. The Agriculture Department announced the December Class III at $15.72 per hundredweight, down $7.62 from November, $3.65 below a year ago, and the lowest Class III price since May. That put the 2020 average at $18.16, up from $16.96 in 2019 and $14.61 in 2018. New Year’s Eve Class III futures settlements had the January contract at $15.80; February, $17.49; March, $17.51; April $17.37; May, $17.39; June, $17.25; July, $17.33; August, $17.35; September, $17.54; October, $17.30; November, $17.18; and December at $17.15. That would portend a $17.22 average in 2021. The USDA’s latest prediction for 2021 was for a $15.60 average. The Class III price saw a low of $12.14 in May and a high of $24.54 in July.

United statesAgriculture departmentDecember classNew yearMarket newsHall milkஒன்றுபட்டது மாநிலங்களில்டிசம்பர் வர்க்கம்புதியது ஆண்டுசந்தை செய்திஅனைத்தும் பால்