Class III gains ground

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The Class III price gained back 52 cents in November after losing ground in October. According to the USDA, the 52-cent gain puts the November Class III price at $19.22. That is $6.38 more than a year ago when it was $12.84.

Meanwhile, the Class IV price posted another loss. It fell 91 cents, from $21.31 to $20.40. One year ago it was $12.11.

The November Class II price is $22.07. That is 17 cents more than October, and $10.09 higher than a year ago.

The USDA announced class and component prices for November on Nov. 30.

Meanwhile, losses swept through the cheese market at the Chicago Mercantile Exchange. Block cheese fell 19.25 cents on Nov. 29, which took it from a record high of $2.2025 back down to $2.01. Barrels followed suit the next day, falling 11 cents to $2.0175.


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