FMMO Class I Base Starting 2016 Lower
By Dave Natzke
The January 2016 federal milk marketing order Class I base milk price is $16.04/cwt., down 67¢ from December 2015, and $2.54 less than January 2015, according to USDA’s Ag Marketing Service.
The 2015 Class I base average was $16.34/cwt., down $6.95 (30%) compared to 2014, the lowest annual average since 2010, and the third lowest in the past nine years.
This story originally appeared on www.dairyherd.com.