August 2018 Class I Price

Announced on July 18, 2018 — The August Class I (fluid milk) price is $14.15, down $1.21 from last month. That price is down $2.57 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