Nov. 23 2016 03:00 PM
    Class I price

    Announced on November 23, 2016 - the December Class I (fluid milk) price is $16.88, up $2.10 from last month. That price is up 17 cents from a year ago.

    The Class I base price (based on "higher of" advanced Class III or Class IV skim milk price) plus the Class I differential for each order determines Class I skim milk price. The mover is equivalent to the Basic Formula Price (BFP) under the old pricing system. It equals (base skim milk price for Class I times 0.965) plus (advanced butterfat pricing factor times 3.5). The Class I mover is announced on or before the 23rd of the previous month.
    Class III prices
    Class IV prices