Announced on October 30, the October Class III (cheese) price was $18.72. The price per hundredweight was up 41 cents from the previous month and up $3.19 from a year ago. The next update is December 4
Effective May 1, 2019:
- Class III Price = (Class III Skim Milk Price x 0.965) + (Butterfat Price x 3.5)
- Class III Skim Milk Price = (Protein Price x 3.1) + (Other Solids Price x 5.9)
- Protein Price = {(Cheese Price-0.2003) x 1.383} + ({[(Cheese Price-0.2003) x 1.572] - Butterfat Price x 0.9]} x 1.17)
- Other Solids Price = (Dry Whey Price – 0.1991) x 1.03
