According to the cattle network, milk prices are trending much lower than a year ago due to lower cheese, dry whey and nonfat dry milk prices. The October Class III price was $17.06 and will decline in November to around $15.55, nearly $3.70 lower than a year ago. The Class IV price was $13.62 for October and will be around $13.50 for November, about $6.90 lower than a year ago. Milk prices are not expected to improve and could go even lower in the first half of 2009.
