US: November FMMO milk class prices mixed

Published 2024년 12월 5일

Tridge summary

Dairy producers are expected to see a decrease in their November milk checks due to a decline in the Class III milk price, despite increases in Class II and IV milk class prices. The Class IV milk price has jumped to more than the Class III milk price, providing incentives for depooling Class IV milk. Additionally, the advance Class I base price for November has also been reduced, further offsetting the higher Class II and IV milk prices. The outlook for regional uniform milk prices in December is also weaker, with Class III-IV milk futures prices potentially leading to more incentives for Class IV depooling.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Dairy producers’ November milk checks are likely to weaken somewhat, based on a preview of Federal Milk Marketing Order (FMMO) milk class prices. Announced on Dec. 4, gains in FMMO Class II and IV milk class prices were more than offset by a decline in the Class III milk price for November, as well as a drop in the previously announced Class I base price for the month. Adding it all up, November 2024 FMMO pooling estimates, uniform prices and producer price differentials (PPDs) will be released on Dec. 11-14 and summarized on Dec. 16. Watch Progressive Dairy’s website for an update. November class prices Class prices announced on Dec. 4 were: At $21.52 per hundredweight (cwt), the November Class II milk price is up 51 cents from October and 31 cents more than November 2023. The November Class III milk price fell $2.90 from October to $19.95 per cwt. That is still up $2.80 from November 2023 but the lowest since July 2024. At $21.12 per cwt, the November 2024 Class IV milk price ...

Source: Progressivedairy