County Ag News

Dairy projects lower prices

 

Over the past year, dairy producers have been able to see near record milk prices. For the coming year milk prices are projected to continue to work their way lower. The Class III price February a year ago was $23.35. This year the February Class III price will be near $15.55 compared to $16.18 in January and $17.82 last December. 

There is a lot of uncertainty as to how milk prices will end up for the rest of the year. A month ago there were predictions for the Class III price to fall to the low $14’s first quarter of the year and not reaching into the $16’s unil the last half of the year and averaging about $7 lower than last year.