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• Milk Prices Paid To Farmers
• Michigan Current Milk Price Per Cwt

Projected annual average prices for 2018 are: Class III – $14.45 per cwt; Class IV – $13.85 per cwt; and all-milk – $16.10 per cwt. With the reductions, the projected average all-milk price for 2018 is now 20 cents below that seen in 2016. Jimmy Ackermann, who co-owns Ackermann Dairy in Hardwick, said Horizon would cut the price of his milk starting Sept. 1, from roughly $35 per hundredweight to around $31.

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Milk Prices Paid To Farmers

Michigan Current Milk Price Per Cwt

The Agriculture Department announced the April Federal order Class III milk price May 2 at $14.47 per hundredweight (cwt.), up 25 cents from March, 75 cents below April 2017 and the highest Class III since December 2017 and 20 cents above California's comparable Class 4b cheese milk price. It equates to $1.24 per gallon, down from $1.31 a year ago. The four-month average stands at $14.02, down from $16.17 a year ago and compares to $13.72 in 2016. Class III futures settlements on May 4 portended a May price at $15.11; June, $15.56; July, $15.98; and August at $16.32, with a $16.57 peak in September and October. The April Class IV price is $13.48, up 44 cents from March, 53 cents below a year ago, but the highest Class IV since December 2017. Its 2017 average stands at $13.13, down from $15.03 a year ago and compares to $13.06 in 2016. California's April Class 4b cheese milk price was announced by the California Department of Food and Agriculture at $14.27 per cwt., up 31 cents from March, 3 cents below a year ago, but the highest 4b since November 2017.