USDA Releases Class Prices Amid Government Shutdown
Last week USDA Agricultural Marketing Service released the December class prices despite the ongoing government shutdown. This milk price report is one of just a few reports still being released while USDA is closed.
For the month of December 2018:
The Class II price was $15.67 per cwt, up $0.04 from the previous month.
The Class III rice was $13.78 per cwt down $0.66 from the previous month.
The Class IV price was $15.09 per cwt up $0.03 from the previous month.
As a result of the way in which certain AMS programs, including the Federal Milk Marketing Order are funded, a lapse in appropriations does not impact their operations.