COUNTRY LIFE: Benchmark drops 87 cents to start 2024

MIELKE MARKET By Lee Mielke The first Federal order Class III milk price of 2024 starts with an 87 cent plunge. The USDA announced the benchmark price at $15.17 per hundredweight, $4.26 below January 2023, and the lowest Class III since July 2023. Friday’s Class III futures settlements portend a February price at $16.13. March…

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