Benchmark milk price jumps $1.94/cwt.

The Agriculture Department announced the November Federal Order benchmark Class III milk price at $16.76 per hundredweight (cwt.), up $1.94 from October and $1.46 above November 2015. It equates to about $1.44 per gallon, up from $1.27 in October and $1.32 a year ago. The 11-month Class III average stands at $14.64, down from $15.92…

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