Announced on December 4, the November Class IV (butter/powder) price was $16.60. The price per hundredweight was up 21 cents from the previous month and up $1.54 from a year ago. The next update is January 2, 2020.
Effective May 1, 2019:
- Class IV Price = (Class IV Skim Milk Price x 0.965) + (Butterfat Price x 3.5)
- Class IV Skim Milk Price = Nonfat Solids Price x 9
- Nonfat Solids Price = (Nonfat Dry Milk Price – 0.1678) x 0.99
The Class I mover is announced on or before the 23rd of the previous month.