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By Lee Mielke The Agriculture Department announced the November federal order Class III milk price at $23.34 per hundredweight, up $1.73 from October, $2.89 above November 2019, and the highest Class III since July. The 2020 Class III average stands at $18.39, up from $16.74 at this time a year ago and $14.69 in 2018. The December Class III futures contract settled Dec. 11 at $15.35, which would portend an $18.13 average for 2020. The Class IV price is $13.30, down 17 cents from October and $3.30 below a year ago. That put the 11-month average at $13.50, down from $16.26 a year ago and compares to $14.15 in 2018. The large gap between October and November Class III and Class I prices again likely led to processor de-pooling and huge producer price differentials (PPDs), resulting in dairy farmers in many regions losing millions of dollars in revenue.

United statesLucas fuessAgriculture departmentDecember classNovember classHighground dairyDairy tradeDaily dairyDairy market newsOctober dairy productsHall milkஒன்றுபட்டது மாநிலங்களில்டிசம்பர் வர்க்கம்நவம்பர் வர்க்கம்உயரமான இடம் பால்பால் வர்த்தகம்