Milk price starts 2017 going down

The Federal Order (FO) and California benchmark milk prices started 2017 heading down. The U.S. Department of Agriculture announced the January Class III price at $16.77 per hundredweight (cwt.), down 63 cents from December but $3.05 above January 2016 and 78 cents above California’s comparable 4b price. It equates to $1.44 per gallon, down from…