The USDA announced that the April Federal Order Class III milk price rose to $24.42 per hundredweight. That was $1.97 higher for the month, and $6.75 more than April 2021. It’s also the highest federal order price since July 2020 when the price reached $24.54. The all-time high price was set back in September 2014 when it peaked at $24.60.
So far, the Class III price has averaged $22.04 during 2022.
Meanwhile, the Class IV component price was 49-cents higher for the month at $25.31, and $9.89 over the previous year.
Last week, Wisconsin’s all milk price for March was announced at $25.30 cwt., which was $1.30 higher than last month’s price, and $7.60 above March 2021. It was also the highest all milk price since September 2014 when it reached $26.60.
Source: Wisconsin Ag Connection