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Class III Milk Price Hits All-Time High of $25.21
Wisconsin Ag Connection - 06/03/2022

The USDA announced that the May Class III milk price was released at $25.21 per hundredweight. That's the highest level the benchmark has reached in history, as it rose 79-cents from April and $6.25 over May 2021. The previous all-time high price was in September 2014 when it peaked at $24.60.

So far, the Class III price has averaged $22.67 during 2022.

Meanwhile, the Class IV component price was 32-cents lower for the month at $24.99, but was $8.83 over the previous year.

Earlier this week, Wisconsin's all milk price for April was announced at a new all-time record high of $27.10 cwt., which was $1.80 higher than last month's price, and $8.20 above April March 2021.

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