The October Federal order Class III benchmark milk price was announced at $21.81 per hundredweight, up $1.99 from September, $3.98 above October 2021, and the highest October Class III price since 2014.

The 10-month average stands at $22.20, up from $16.86 a year ago and $17.89 in 2020.

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Columnist Lee Mielke wraps up the week’s dairy industry news.